Variance Analysis - Part 2
Link to problem: https://dl.dropbox.com/u/5819251/Variance%20Analysis%20and%20Standard%20Costs.docx
In this series of videos we learn to compute:
a.) Direct materials price and quantity variances
b.) Direct labour rate and efficiency variances
c.) Variable overhead spending and efficiency variance
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.
