PEV exams panic

tosin Registered Posts: 7 Regular contributor ⭐ 😼 ⭐
how to explain ratios and variances, like
gross profit, net profit, efficiency,activity, capacity
if anybody have a easy way of explaining them that would great.


  • Terdoo
    Terdoo Registered Posts: 144 🎆 🐘 🎆
    Re Pev

    The best way to remember variances is :
    When material price variance have a big favourable variance, then material usage would have adverse variance, this could make you write more.

    Gross profit Margin; you have to read the instruction given to you as to why gross profit atual may be either higher or lower compare to budget.
    It is a matter of paying attention to what is being ask instead of rushing to answer the question. 'think before you write'

    hope this helps
Privacy Policy