Im looking to understand Variances & Performance Indicators!!

Ashley
Registered Posts: 1 New contributor πΈ
:confused1:
Im wondering if anyone can help me?? I am 7 months through technician level and I am a very confussed little person!! I cant get to grips with overhead variances and all the written info to do with performance indicators? Was wondering if anybody out there can offer me a bit of advice on how to get my head around understanding what it is I am actually doing???
Im wondering if anyone can help me?? I am 7 months through technician level and I am a very confussed little person!! I cant get to grips with overhead variances and all the written info to do with performance indicators? Was wondering if anybody out there can offer me a bit of advice on how to get my head around understanding what it is I am actually doing???
0
Comments
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i'm having exactly the same problem.
repetition of questions... and repetition of questions !!!0 -
OMG me too!
My tutor went over it really quickly and I was like whoa wait what?! So I've started making myself flash cards for the whole A x A, A x S etc layout and done one for material, labour and fixed o/h, I'm thinking that practising it will help.0 -
Here is a reply I sent on the old forum
If production is lower than budget
There will always be an adverse f o volume variance
There are more than one way to work out the value, one way is overhead absorbed per unit x difference between budgeted output and actual output.
If hours worked are lower than budgeted total hours
There will always be an adverse f o capacity variance
one way to work out the value is overhead absorbed per hour x difference between budgeted hours and actual hours.
If the standard hours (units produced x standard hours per unit) are lower than the actual hours
There will always be a favourable f o efficiency variance
for more go to http://www.aat.org.uk/forums/showthread.php?t=152990
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