Overhead Variance - Four Variance Method

This is the last lecture on Variance Analysis

In the four Variance method following variances are calculated

  1. Spending Variance
  2. Idle Capacity Variance
  3. Variable Efficiency Variance
  4. Fixed Efficiency Variance. Continue reading “Overhead Variance – Four Variance Method” →

OH Variance Analysis - Two Variances & Three Variance Method

There are couple of approaches for Overhead Variances. In one approach, variances for FIXED and VARIABLE overheads are calculated separately. (click here for explanation and formula of this approach)

Whereas in the second approach, which is the topic of this post, separate variances are not calculated. Continue reading “OH Variance Analysis – Two Variance & Three Variance Method” →

Stock Levels

What are stock Levels?
Every business has to maintain stocks of material/goods which are used during the production process. Following stock levels are self-explanatory.  Like reorder level suggests that at what level we should re order the stock. Similarly maximum or minim stock levels suggest the maximum or minimum stocks to be maintained by the business. Danger level means that if the stock falls below this level, business might be suffering stock out costs i.e. stoppage in production, delayed delivery to client and loss of goodwill etc.

Solving questions on this topic is quite easy if you know the formulas. You will have to remember all these formulas.
Helpful Tip
I am giving you a good tip which will ease the process of remembering these formulas. If you haven’t already noticed, Continue reading “Invertory/Stock Levels” →

Overhead variance analysis|Fixed and Variable

In this lecture you will find the formula for the Fixed and Variable Overhead Variances. for labour variances click here & for material variances click here

Fixed Overhead Variances include:

  • Fixed Overhead Expenditure Variance
  • Fixed Overhead Volume Variance

Continue reading “Overhead variance analysis|Fixed and Variable” →

Video Lecture: Relevant Costing Part 1

First of all, thanks to God that I am able to present this lecture.
It took  long time for me to upload this tutorial. But now, my new lecture is available for download.

With that said, In current lecture I have explained the features of relevant costing. Download link is given below.

Download Link Click here

Store Ledger Card (Lifo Method) Urdu/HIndi

In this video lecture you would learn how to draw store ledger card in an easy to understand way.

Video Length:

Language: Urdu/Hindi

Downloadable: Yes

I am waiting for your comments and replies

Continue reading “Store Ledger Card (Lifo Method) Urdu/HIndi” →

Variance Analysis Practice Question Video

A Basic Question on Material and Labour Variances.

Language: Urdu/Hindi

Downloadable. (zip formate)

Lenght: 13 minutes approximately.

If you Find any difficulty in downloading it Click Here to contact us.

Ask questions, or give feedback after watching it


Download Link

Practice Questions: Rules of Debit and Credit & Basic Entries

Title: Basic Entries, Rules of Debit and Credit (Financial Accounting)

Type: Mixed (Fill in the Blanks & Multiple Choices)

Number of questions: 13 (version 1.3)

Passing Percentage: 80%

Time limit: No (Unlimited) Continue reading “Practice Questions: Rules of Debit and Credit & Basic Entries” →