# Help Variances !

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hello
my first post here, have not studied for years and back to do my AAT level 4
working on the variances and nothing seems to go in, exam in a few weeks time and i'm very stressed already, taken the green light test and only scored 20% !
any words of wisdom please except practice alot?
thanks in advance x

• Registered Posts: 4 New contributor 🐸
Hi Tilli!
I had this problem this time last year. I'd suggest getting as much exposure to all forms of study as possible. I've just recently taken my Financial Performance exam (5 week count down to results...) and was carting BPP, Kaplan AND Osborne books around everywhere with me.
If I can find my workings, I'll scan in the play on words that I used to remember the variances.
Are you also finding it tough as to decide the Adverse or Favourable?

Trust me, the more study you do, the easier these will become.
The Kaplan revision pack is VERY good for these as there's question after question after question and it ends up sticking!

Good Luck!
Rebecca.
• Registered Posts: 218 🎆 🐘 🎆
Have you got any questions you have that you can't work out? Not certain that I can help but if not I'm sure someone can. X
• Registered Posts: 73 💫 🐯 💫
I'm having the same problem especially with fixed overhead variances. Here's a link to a video on youtube by First Tuition that I found very helpful. I think the trick is to think about what you're actually measuring and what you're comparing it against.
• Registered Posts: 6
my problem is trying to work out efficiency variances if my budget o/h 120,000 output 12,000 and labour hour 4000 Actual o/h 118,000 output 11400 labour hours 3950 worked out absorption rate as 120,000/4000 = £30 diff in hours 50 = 1550 answer should be 4500 what am I doing wrong???
• Registered Posts: 73 💫 🐯 💫
Ok so bearing in mind I'm just trying to get to grips with it myself this is how I would work it out:
The standard hours it should have taken to produce 11400 is 3800 hours (4000/12000 x 11400), 3800 - 3950 = -150 x £30 = 4500A.

I've found doing the Green Light tests over and over again is helping to make it finally stick in my head!
• Registered Posts: 6
Yes I think I might have got it will go on the the green lights. Thank you
• Registered Posts: 422
Good Evening All,

The formulas I used in the following link
http://forums.aat.org.uk/discussion/comment/383371#Comment_383371, helped me to remember the variances and also included is some questions with answers also.
It has been nearly 2 years but they may still do the job.

Also please be aware if you're looking to progress onto ACCA in F5 there is variances, so there is no escaping lol

Aaron
AAT

Level 2 - 2010
Level 3 - 2011
Level 4 - 2013

ACCA

F4 - 2015
F5 - 2015
• Registered Posts: 182 Dedicated contributor 🌟 🐵 🌟
angmc said:

I'm having the same problem especially with fixed overhead variances. Here's a link to a video on youtube by First Tuition that I found very helpful. I think the trick is to think about what you're actually measuring and what you're comparing it against.