Variance Analysis

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:27AM in AAT student discussion
Hi
Does anyone have any tips on remembering the fixed overhead formulas. I just can't seem to remember them!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi,

    I received a document from someone in the forum & it helped me to remember them. Would you like me to e-mail a copy to you?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis


    I learnt them the hard way - just writing them out several times a day.

    Eventually it sunk in and I developed a kind of shorthand for them.

    I found a scrap of paper the other day with it all on and I could still remember them - 6 months after the exam.

    It felt so good when it clicked. But I was tough on myself. I didn't progress further with the course until I had learnt them - there didn't seem much point.

    Good luck - keep at it.

    Helen
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi could u email me a copy please

    samgibby18@hotmail.co.uk

    cheers
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi K

    I would really appreciate that.
    Thanks for your help.

    My e mail address is evemeaker@fsmail.net
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hey,

    Alos having trouble trying to remember these variances too..

    can you forward it on to me also?

    cheers...

    marksmith81@hotmail.co.uk
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi

    Hope you dont mind but would you be able to forward the spreadsheet over to me too please?

    Thanks

    traceykilduff@yahoo.co.uk
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Can you send me this please - I'm getting really worried the exams are only next week and I am continually get stuck on these formula

    juliey@kinesis-solutions.co.uk
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi I remember them like this,

    Fixed overhead capacity as ABC,
    Actual hrs minus
    Budgeted hrs x boar equals
    Capacity

    Fixed Overhead Efficiency as every student asks,
    Efficiency equals
    Standard hrs minus
    Actual hrs x boar

    Fixed overhead expenditure as show me the money,
    Budgeted £'s minus
    Actual £'s

    I hope that helps a little bit :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    That's clever
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Could i please have a copy too!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    I'm having real trouble remembering all the variances, even though it's my 3rd time of taking the exam!!
    Can you send me a copy too!!
    email: claire@businessadditions.co.uk
    :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi,

    This helped me hugely to remember all the formulas - hope it helps you too:-

    "PURE AS" (or "Pure as as" as it reads) method for materials and labour: -


    Price (material) standard - actual x Actual
    Useage (material) standard - actual x Standard
    Rate (labour) standard - actual x Actual
    Efficiency (labour) standard - actual x Standard

    and for Overhead variances : -

    ABC (the alphabet) Actual - Budget x absorb rate = Capacity
    SAE (Stamped addressed envelope) Standard - Actual x absorp rate = Efficiency
    SBV (Silly bloody variances) Standard - Budget x absorb rate = Volume

    Eva
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Could any one email me the page about variances too many thanks

    this is my 3rd go and i wanna get it this time!!


    Thanks xxx
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    I would be grateful if you could send me a copy too, really having trouble remembering variances.

    Thanks
    Maureen

    email maureeng@fastmail.fm
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Hi,
    I discovered this forum today and it might be a sign, could you please email me that spreadsheet
    forever greatful
    Marzena

    my email marzena.stepien@amey.co.uk
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    Please could i have a copy as well
    thanks in advance
    lemonmuffin30@hotmail.co.uk
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    This is the one area I'm having problems with - Please could you send me a copy too.
    markshipley69@hotmail.co.uk

    Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Variance Analysis

    If theres anybody out there with this spreadsheet can you please e-mail it to me at
    pushthebeat@yahoo.co.uk

    thanks alot
    Dan .....trying not to panic

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