princess wrote: »
Capacity - cows are beefy
Capacity = actual by budgetedVolume - vera eats stale bread
Volume = standard by budgetedEfficiency - elephants squash ants
Efficiency = standard by actual
This might help!
Sonny_L wrote: »
I think the best way is to study the text that accompanies the formulai in your book until you fully understand the point of them. Which probably won't take any longer than drilling it into your memory parrot style.
Also you will be asked to explain variances in the exam.
Never seen a good acronym for these ones.