Basic Accounting Lectures » Variance Analysis

Variance Analysis Practice Question Video

admin — Sun, 28 Feb 2010 20:16:37 +0000

A Basic Question on Material and Labour Variances.

Language: Urdu/Hindi

Downloadable. (zip formate)

Lenght: 13 minutes approximately.

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Variance Analysis Practice Question

admin — Mon, 21 Dec 2009 15:31:43 +0000

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.

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Answer

Variance analysis video lecture in Urdu (Material)

admin — Fri, 18 Dec 2009 12:08:59 +0000

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.

Variance Analysis (Material) Video Lecture In Urdu

admin — Fri, 11 Dec 2009 07:46:32 +0000

This is the first lecture on Variance analysis.
In this lecture Material 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.

Thanks for watching.

Variance Analysis :: Labour Variances

admin — Tue, 20 Oct 2009 09:02:47 +0000

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 produced 100 units (Actual Production). The standard number of hours to produce ONE unit was set to 2(hours). It means that actual production of 100 units should take 200 hours of labour.

NOW if workers manage to complete 100 units in less than 200 hours, the labour efficiency variance would be favourable.

AND if 100 units take more than 200 hours. the resulting variance would be adverse.

The formula to calculate both labour variances are given below. You can print them after downloading. To download; right click > save image as.

Variance Analysis | Material Variances

admin — Sat, 10 Oct 2009 12:25:49 +0000

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

Variance Analysis Material Price and Quantity Variance