Basic Accounting Lectures

This is the First and very basic question on Variance Analysis

Try this. Answer to this has been published Now.

This answer will be followed by a video tutorial.

thanks, waiting for your comments

thanks

Answer

This is the second lecture on the Variance analysis.
In this lecture labour variances have been discussed.
Language: Urdu/(if you know Hindi, you can also understand that).
Lecture in English will be Posted soon (IA).

If you face any difficulty in viewing this, you can comment below.

Download Links will be available soon.

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

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