Variances
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Has anyone got a handy way to remember all the variances? <BR><BR>Pearls always came in handy with the Trial Balance, but i really need one for all these variances.<BR><BR>Someone, must have a good way of remembering them all.<BR><BR>Any ideas???<BR><BR>Danni
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Variances
Not sure about labour and materials variances still trying to remember them.<BR><BR>But for fixed overhead variances i remember these<BR><BR>CAB<BR>ESA<BR>VSB<BR><BR><BR><BR>CAB - Capacity = (Actual - Budget) x standard overhead absoption rate<BR><BR>ESA - Efficiencey = (Standard - Actual) x sar<BR><BR>VSB - Volume = (Standard - Budget) x sar<BR><BR>When you use the formulas this way if the figure comes out negative it an adverse variance and if its positive its favorable everytime.<BR><BR>Hope This Helps0 -
Variances
we were taught on the intermediate level for costing variences (if this is what your looking for)<BR><BR>S (standard cost)<BR><BR>A (actual cost)<BR><BR>V (varience)<BR><BR>hope this helps<BR><BR>good look<BR><BR>0