Financial Performance - Variances

baileyqueens Registered Posts: 27 Dedicated contributor 🌟 🐵 🌟
Doing question 1.2 & 1.3 on CBT2 online, and come across the Direct Material Usage, Direct Material Price, Direct Labour Rate, Direct Labour Efficiency, Fixed Over Head Capacity, Fixed Over Head Expenditure & Fixed Over Head Efficiency variances. I have never come across these before, tried looking in the Osborne Books & On the AAT website but with no luck. Could someone please give me a bit of guidance on how to calculate these variances?



  • janwal
    janwal Registered Posts: 1,189
    Hi Dan

    If you follow this link to e-learning section ( you will need to lof into MYATT) there is one call labour and material variances that calls through it all.

    If you need any other help shout I'm at work at the mo so don't have any notes with me.

    When is your exam, mine is 2nd May

  • baileyqueens
    baileyqueens Registered Posts: 27 Dedicated contributor 🌟 🐵 🌟
    Hi Jan,

    Been through it on the AAT website but it still makes no sense to me :(

    Mine is on Monday, so im getting really worried about it.
  • sarah2266
    sarah2266 Registered Posts: 49 💫 🐯 💫
    I sat the financial performance exam last week and it was full of questions on variances and they
    are all in the osbourne book as this is what i study from....i was even dreaming about variances which
    was not very pleasant.
    i think the practice assessments are a good likeness to the actual exams
    Good luck monday
  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034
    5 out of the 6 tasks in section 1 test your knowledge and understanding of variances

    How have you studied financial performance and in your words
    never come across these before

    Why are you taking an exam on Monday when you have such a gulf in your knowledge?
    [email protected]
  • Chelle
    Chelle Registered Posts: 163 🎆 🐘 🎆
    I was kind of going to say what Sandy said, variances are the main part of the exam really so if you haven't come across these before, what have you been studying?

    The AAT practice papers, e learning, Osborne books and Kaplan books all have guidance on them.

    It took me 4 attempts to pass this exam, it certainly is an exam to be taken lightly.
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