Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


PEV- Variances

lucy1988lucy1988 Feels At HomeRegistered Posts: 74
HI,

Does anyone know an easy way to remember the different Variances?

Thanks

Comments

  • dobbieobbydobbieobby Well-Known Registered Posts: 231
    If they did they'd be a millionaire.... :lol:
  • taskeytaskey Font Of All Knowledge Registered Posts: 1,800
    practise, practise, practise
  • princessprincess Feels At Home Registered Posts: 80
    Capacity - cows are beefy
    Capacity = actual by budgeted

    Volume - vera eats stale bread
    Volume = standard by budgeted

    Efficiency - elephants squash ants
    Efficiency = standard by actual

    This might help!
  • lucy1988lucy1988 Feels At Home Registered Posts: 74
    Thanks
  • mark130273mark130273 Font Of All Knowledge Registered Posts: 4,234
    princess wrote: »
    Capacity - cows are beefy
    Capacity = actual by budgeted

    Volume - vera eats stale bread
    Volume = standard by budgeted

    Efficiency - elephants squash ants
    Efficiency = standard by actual

    This might help!

    think its even harder to remeber those quotes???
  • Sonny_LSonny_L Well-Known Registered Posts: 201
    I think the best way is to study the text that accompanies the formulai in your book until you fully understand the point of them. Which probably won't take any longer than drilling it into your memory parrot style.

    Also you will be asked to explain variances in the exam.

    Never seen a good acronym for these ones.
  • DiannewDiannew Font Of All Knowledge Registered Posts: 2,814
    Sonny_L wrote: »
    I think the best way is to study the text that accompanies the formulai in your book until you fully understand the point of them. Which probably won't take any longer than drilling it into your memory parrot style.

    Also you will be asked to explain variances in the exam.

    Never seen a good acronym for these ones.

    This is good advice...you do need to understand what affect the variances have on the business.....because you do need to explain this in the exams.


    I found the diagrams of this section in the Osbourne books very good and constantly revised the diagram and the meanings of the different variances...it's the only way.


    Good Luck

    Di
Sign In or Register to comment.