ACCA PM (F5) Advanced Variances - Materials Price and Usage, Vegan Co M/J 2023

Here is a tutorial on the latest past paper released by the examining team for March/ June 2023. Hope you enjoy the approach and finally master advanced variances.

[@shanekennedy6549]

Thanks a mill Jo was struggling with these variances until this video. Thanks again!

[@user-xd6ev3jk6c]

Plz explain big data,mis,etc thank you so much for making f5easy for us all

[@jotuffillacca]

sorry no read up on it

[@FULLMOON322]

Do you please have a video on this triangle process for the variances. When it came to calculating the MPPV, I am lost a little bit. To calculate price, you did AP SP THEN AQ. Just confuse why you did SP RP AQ

[@jotuffillacca]

Yes there is a basic variances video

[@jotuffillacca]

Plan variance is RP vs SP. And operating variance is AP vs RP.

[@darshghia]

Hi, you had an error. the revised price for soybeans was actually 5.13.

[@jotuffillacca]

I don't think so ! Its 90% of 5.90 is 5.31

[@darshghia]

Is it not meant to be 5.7*90%? Because the actual value was revised

[@jotuffillacca]

@@darshghia Please read the question carefully ... the market price not the actual price was revised. The revised standard is always based on the original standard never the actual price. That's the technique you need to go back and revise your technique.

[@darshghia]

@@jotuffillacca Hi again, I did, I just forgot to tell you I understood it. I did my pm exam today. Thank you though 🙏