Sandyhood Please help
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PEV-Section 1<BR>You know before calculating 8 variances we have some more calculations to do and from there last 2 or 3 questions are always related to â??fixed overheadâ?? thatâ??s where I usually go wrong and therefore I make mistakes calculating some of the variances. Other then that I know my formulas very well but I must say I do struggle to workout fixed overhead recovery rate far last 3 variances.<BR>Eg Efficiency variance: ( ACT hr worked â?? STD hr for act production)x FORR<BR>Please let me know is there is any easy way of remembering how to calculate these. Iâ??ve been practicing past papers but I want to prevent that problem before exam. Please help.<BR>
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Sandyhood Please help
You've got your hrs the wrong way round in the efficiency variance.<BR><BR>Scott.0 -
Sandyhood Please help
Hi Scotty,<BR>thanks 4 ur reply but does it really matter? as long as i can tell them if its an adverse variance or favourable variance.Im suprised my teacher never said anything about it. please do correct me if im wrong. Last 3 variances:<BR><BR>Volume: ( Bud hr - Std hr for act production)xFORR<BR>Capacity<img src="i/expressions/face-icon-small-sad.gif" border="0"> Bud hr - Act hr worked)x FORR<BR>Efficiency<img src="i/expressions/face-icon-small-sad.gif" border="0">Act hr worked - Std hr foe act production)xFORR<BR><BR>These are the formula i've been using to do the calculations<BR>Thanks0 -
Sandyhood Please help
Sorry it was meant to b bracket not that sad face!0 -
Sandyhood Please help
Not the way to do variances at all<BR>You will not actually understand them that way<BR><BR>Email me if you want my common sense variance study material<BR>works for all my students<BR><BR>DFarrow264@aol.com0 -
Sandyhood Please help
Can you e mail to me? jennybeswick@welbeckestates.com0