I'm definately cracking up! PEV help needed please.
System
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Can someone please put me right. I am following the "PURE AS" for variances and the SBV, SAE & ABC for the fixed overheads. Can someone please confirm, as I always use:
Price(mat)= Std(Price) - Act(Price)x Act(kgs)
Usage(mat)= Std(Kgs) - Act(kgs) x Std(price)
Rate(lab) = Std(rate) - Act(rate) x Act(hrs)
Efficiency(lab) = Std(hrs) - Act(hrs) x Std(rate)
Std(hrs) - Bud(hrs) x absorption rate = Volume
Std(hrs) - Act(hrs) x absorption rate = Efficiency
Act(hrs) - Bud(hrs) x absorption rate = Capacity
I have just spent all day doing December 04 & December 05 practice exams and it has it the other way round eg Act - Std for variances and who knows what the June 05 exam says, it was a mixture??? I am just about to throw it all in the bin and give up. Have I got "study block" or something??
I need a few vodkas..............
Mandy
Price(mat)= Std(Price) - Act(Price)x Act(kgs)
Usage(mat)= Std(Kgs) - Act(kgs) x Std(price)
Rate(lab) = Std(rate) - Act(rate) x Act(hrs)
Efficiency(lab) = Std(hrs) - Act(hrs) x Std(rate)
Std(hrs) - Bud(hrs) x absorption rate = Volume
Std(hrs) - Act(hrs) x absorption rate = Efficiency
Act(hrs) - Bud(hrs) x absorption rate = Capacity
I have just spent all day doing December 04 & December 05 practice exams and it has it the other way round eg Act - Std for variances and who knows what the June 05 exam says, it was a mixture??? I am just about to throw it all in the bin and give up. Have I got "study block" or something??
I need a few vodkas..............
Mandy
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