If you've been following the "variance analysis" series, then you've already learnt how to calculate the following: Sales variances and direct material variances Labour variances Overheads variances So far, all the calculations we've been doing show us variances between actual and budget. These are known as operational variances. For today, we shall try our hand … Continue reading Variance Analysis – Part 4
Tag: Operational level
Variance Analysis – Part 3
Now that we've dealt with the direct material and direct labour parts of production, what about looking at overheads? Of course, we have variance calculations for overheads as well. We even split it up between fixed and variable overheads. Let's now make it more challenging and do both fixed and variable overheads in the same … Continue reading Variance Analysis – Part 3
Variance Analysis – Part 2
So if I haven't made you run away with Part 1, then I must have done something right. Welcome to Part 2 of Variance Analysis. Remember our memorised visual two weeks ago? If you've got it stuck in your mind, then that's good. That's how we wanted it all along. For those who've forgotten, here … Continue reading Variance Analysis – Part 2
CIMA Exam Pass Rates – June 2017
CIMA has recently released the latest pass rates for June 2017. Gateway level pass rates continue to be below 50%. But the good news is that after last quarter's dismal performance and percentage, all the pass rates seem to have gone up for all case studies levels this quarter. Some jumped up more so than others … Continue reading CIMA Exam Pass Rates – June 2017
Variance Analysis – Part 1
If you find variance analysis to be a confusing topic, then you are not alone in this world. I've been teaching P1 for a while and most students I find tend to get muddled up when calculating the different variances. It also doesn't help that there are just so many of them to remember. But in … Continue reading Variance Analysis – Part 1
MJ THE TUTOR 