Variance Analysis :: Labour Variances

There are two types of variances in case of labour.

1) Wage Rate Variance

If the variance is occuring due to the difference in wage rates (Actual v.s Standard), then it shall be called wage rate variance.

2) Labour Efficiency Variance

Efficiency relates to the labour hours. Let us suppose that we

Variance Analysis | Material Variances

In this lecture formula for Material Variances are given. You can print them. These formula have been simplified, and are easy to remember. If you have any question or complaint, feel free to comment below.You can download this Tutorial by right clicking on the picture and save target as. You can click on the image [...]

Video Lecture::: CVP Analysis Break Even Chart

Watch the tutorial and Learn how to draw break even chart. Don’t forget to leave a comment below.If you have any question, or suggestion, you can ask below in the comments area

General Ledger Factory Ledger Part 3

This is part 3 of the topic “General and Factory Ledger”. To see part 1 click here, and for part 2 click here.

You can download this Tutorial by right clicking on the picture and save target as

Variances|Factory Overhead

Different FOH variances and their formula are given below In the Pictorial printable lecture. A check to ensure you have done the question right is also given.You can download this Tutorial by right clicking on the picture and save target as

Types Of Rates !Factory Overhead

There are two types of rates.
1) Blanket Rates
This is the rate used for the whole organization. Every department in the organization use single Rate.

Types Of Capacity

What is Capacity?

A capacity is that amount of plant and machinery and personnel with which a manger plans to conduct a business.

What is Volume?

Volume which is variable factor in business, is another name of Activity.

What are types/levels Of Capacity.

There are four levels of capacity, namely (1) theoretical, (2) practical, (3) expected actual and (4) [...]

Profit Volume Chart

Important: Video Lecture on how to Draw Profit Volume Chart Click Here

A typical PV chart is given below. Video Lecture on this topic is under progress, and shall be published soon. (IA). You can download this Tutorial by right clicking on the picture and save target as