What is variance analysis?
Variance analysis is usually associated with explaining the difference (or variance) between actual costs and the standard costs allowed for the good output. For example, the difference in materials costs can be divided into a materials price variance and a materials usage variance. The difference between the actual direct labor costs and the standard direct labor costs can be divided into a rate variance and an efficiency variance. The difference in manufacturing overhead can be divided into spending, efficiency, and volume variances. Mix and yield variances can also be calculated.
Variance analysis helps management to understand the present costs and then to control future costs.
Variance analysis is also used to explain the difference between the actual sales dollars and the budgeted sales dollars. Examples include sales price variance, sales quantity (or volume) variance, and sales mix variance. A difference in the relative proportion of sales can account for some of the difference in a company’s profits.
Learn more about standard costs and variances at Standard Costing.
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i need full information about variance analysis
I appreciate your work but please give me full iformation on variance analysis
Please provide me full information on variance analyis.
Please provide me full information on variance analysis. Wonderful job you are doing. Thanks
See the topic “Standard Costing” under the tab “Topics Explained” on http://www.AccountingCoach.com
Please provide me with full information on varience analysis.
plz explian the topic mix and yield variances
I would like a detailed explanation on variance analysis.
Please provide me full information on variance analyis.
how about the aanalysis of variance on projected pay out of branches to actual pay out of cash? thanks
why we havw problem with Varianve analysis in modern manufacturing enviroments??
please provide me with the details of the importance of variance analysis to the management THANKS
who is the author???
give me a name please…
why to calculate the revised standard hour and what is its inferance?
Hi, i need a format for calculation. Thanks
You can read about the author here:
http://www.accountingcoach.com/aboutus.html
i would like all the information you have on varience analysis as i need to do a detailed description on this subject please
plaese provide me with detailed descriptoin on varience analysis
please give me an explaination about diluted earnings per share.thanks
please provide solved examles on fix and flex budget
Please provide me full information on variance analysis.
greatful if Price, Qty variances etc seperately shown and explained
I NEED FULL INFORMATION ABOUT VARIANCE ANALYSIS AS I AM ABOUT TO WRITE EXAMS. MAY I ALSO HAVE QUESTIONS AND ANSWERS ON THIS TOPIC
Hi acoach,i my school now,we are doing accounting entry for variance analysis,under the following concept.actual cost,allow cost and standard cost.i need a format calculation of it and how to post the entry.
You will find that information under the Explanation of Standard Costing on http://www.AccountingCoach.com.
hi
pls provide details abt variace.
thanks,
cuttack dahibara
plz, provide detail abt relationship of varience analysis with material,labour and overhead.
What is varience analysis?
Do you agree or disagree with the statement -”Standard Costing and Variance Analysis are appropriate to any type and size of organisation”
Plse explain fixed overheads variance and variable overheads variance in detail
We explain the overhead variances on AccountingCoach.com under the topic Standard Costing. You can read the explanation and do the drills online at no cost.
can i have the answer to the question roxy placed on the 22nd May 2009. thanks
maybe you should buy the book or anything… to have the concrete definition…..
can you please explain advantages and disadvantages of stanadardcoting and variances analysis