variances!!
sasperella
Registered Posts: 54 Regular contributor ⭐
Anyone else finding these a pain in the neck?? I have looked over past papers and the answers all seem to work it out diferently!! take june 2010 for instance, the brackets are in the wrong place!! Im gonna crumble tomorra!! Any advice?? I know that your comparing what you expected to cost/use to what it actually did!!
0
Comments
-
Now is probably the time to stop looking at model answers (if there ever was a time to base learning on the finished product)
Just look at your daily life.
If you bake a cake it might be more useful preparation, and much tastier.
If the recipe is enough for 2 people and says 250 gr of sugar and the sugar should cost £1.20 per kg, you have the beginning of a variance understanding that you won't find in old answers.
See how much sugar you really use to make a cake for 4 people, and how much it rally cost.
If you use 600gr and it cost you £2.50 you have the chance to calculate 2 variances.
If the cake should take 0.5 hrs to make a 2 person cake and you took 1.25 hours and you should be paid £9.00 per hour but actually paid yourself £15.00
Does that help?Sandy
sandy@sandyhood.com
www.sandyhood.com0 -
Thanks sandy, yes it kinda does make more sense looking at it like that!! Im just going to breakdown the whole question to make my answer! Thank you....
Only problem now is, ill be thinking of cake in my exam tomorrow
Thanks again for the reply0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 317 NEW! Qualifications 2022
- 155 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership