Variances

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:23AM in AAT student discussion
Hi, I've seen the post on variances equation but I need to know how to work out the percentage on the variances of costs and sales with actuals and forecast figures. For example in sales/income to find the variance you subtract the forecast amount from the actual amount. How do you then turn this into a percentage? And the same for costs. After subtracting the actual figure from the forecast figure to get the variance, how do I turn this into a percentage? What two figures do I divide and is it the same for costs and sales?<BR><BR>Any help would be greatly appreciated! I have a test this afternoon!<BR>Thanks<BR>Katie

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Variances

    Difference (between the actual & forcast) divided by the forecast + the percentage difference. I hope this helps, sorry this comes after your exam but I've just joined.

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