Thank you, Steve. I was struggling with the variacnes until I saw your video. I used your technique in my PM exam and I passed 77% :)
@SteveWillisACCA2 жыл бұрын
Glad it helped!
@PietervanKampen2 жыл бұрын
After many days of struggling, I finally got it with your spreadsheet. It makes it sooo easy now to answer those mix and yield questions. Greetings from the Netherlands!
@SteveWillisACCA2 жыл бұрын
Glad it helped ☺️ good luck in September:)
@naruti39922 ай бұрын
Dude saving life with this video's was stuck in Kappa yield
@SteveWillisACCA2 ай бұрын
Very happy to help -- good luck next week!
@FULLMOON3222 жыл бұрын
I attended one of your seminars sand OMG what an eye opener. I am sitting PM in June so I hope your tips will help give me a pass. Subscribed
@SteveWillisACCA2 жыл бұрын
Thanks! Glad it helped:)
@mattyactualT13 жыл бұрын
Hi Steve, just as a handy tip..If you click the arrow in the top left of the spreadsheet (between the A column and the 1 row), it will highlight the entire spreadsheet. If you then double click between the A and B, it will automatically resize every column to the required size. Save you clicking each column individually.
@SteveWillisACCA3 жыл бұрын
Great tip!
@Fifou6993 жыл бұрын
A lifesaver here!! Eternally grateful for your efforts, Sir.
@SteveWillisACCA3 жыл бұрын
Happy to help :)
@steliyanatraykova-dimitrov74553 жыл бұрын
Very intuitive approach about the advanced variances. I really appreciate sharing this technique.
@SteveWillisACCA3 жыл бұрын
Glad it was helpful!
@DP_AMS2 жыл бұрын
Thank you Steve! This is the best explanation of the Mix and Yield variances. Finally I can follow the logic (AA
@SteveWillisACCA2 жыл бұрын
Excellent! Glad it makes sense now :)
@afua34102 жыл бұрын
wow I was really struggling with this advanced variances but you broke it down very nicely. Can we also use this for labour effiency ratio's aswell?
@SteveWillisACCA2 жыл бұрын
Yes 100%
@ChrisWard-dy1lz2 ай бұрын
I agree with your method much easier I find myself reciting AA AS SS, so it works
@SteveWillisACCA2 ай бұрын
Glad to hear--good luck on PM!
@ChrisWard-dy1lz2 ай бұрын
Used this methodology on Q275 and yes it took afew tries but I eventually got it spot on!! Also noticed with sales it becomes negative for favourable and positive for adverse. The yield becomes the quantity contribution variance in this case
@godwinkasaizi93283 жыл бұрын
Steve this made my yesterday's paper in variance be easy, I did like AA, AS, SS then next AA AqAmixSp, Aq SmixSp then SS. It was very perfect for me. Thanks much.
@SteveWillisACCA3 жыл бұрын
Excellent!
@ceemombs2 жыл бұрын
Did this type of variances came in your Sept exam? which other question was in section C. i am writing this December and watching Steve's videos non stop
@thandiwemisomali302711 ай бұрын
I definately prefer your approach. :)
@SteveWillisACCA11 ай бұрын
Glad it helps!
@FULLMOON3222 жыл бұрын
I love this method but in solving the question, do I need to calculate the usuage and the price to arrive at the final answer for the Mix and Yield ?
@SteveWillisACCA2 жыл бұрын
Hi there, if it's a stand-alone question on mix variance you can do it independently
@FULLMOON3222 жыл бұрын
@@SteveWillisACCA Thank you very much. Few practice and I have conquered this formula. God bless you for all you do
@23kavinraj3 жыл бұрын
Hi sir, can you do a video about planning and operational variance?
@SteveWillisACCA3 жыл бұрын
Hey there, yes, I plan a full series on variance analysis.
@23kavinraj3 жыл бұрын
@@SteveWillisACCA ahh thank you so much, it will be very helpful :)
@FULLMOON3222 жыл бұрын
I am curious to know how this will be applied to Conrad co Acca PM exam
@Jahidulislam-xq2vr3 жыл бұрын
Thank You Sir.
@SteveWillisACCA3 жыл бұрын
Welcome!
@annmariethompson40263 жыл бұрын
Thanks Sir . Do you have any videos on Decision Trees?
@SteveWillisACCA3 жыл бұрын
What a great idea! I'll do one these days.
@annmariethompson40263 жыл бұрын
@@SteveWillisACCA Thank you. Great webinar this morning...
@SteveWillisACCA3 жыл бұрын
Done :) check the PM playlist for a decision tree question.
@arooshib9818 Жыл бұрын
Hi Steve, can we directly equate AqSp in place of AqAMixSp in the exam if we are required to calculate Usage Variances for each material? Are we expected to show the workings for AqAMixSp?
@SteveWillisACCA Жыл бұрын
Hello, yes you can do that. Aq for each material is actually the "Actual quantity in the actual mix." You should show workings to get partial credit if there is a mistake in your calcs. Plus, it's easier to lay it all out step-by-step before you start working. Good luck!
@lollypop93710 ай бұрын
Hi Sir! Should we label our work with kg and $ sign. Will we lose mark if we don't input those sign?
@SteveWillisACCA10 ай бұрын
In PM if the markers understand your work you get the credit, irrespective of labeling. But for FM if it's an fx question and you didn't state the currency, you wouldn't get the credit
@lollypop93710 ай бұрын
Thank you so much for clarifying this for me Sir
@SteveWillisACCA10 ай бұрын
My pleasure :)
@souravnair50773 жыл бұрын
Sir how did you copy-paste I.e copying usage and deriving price variance?
@SteveWillisACCA3 жыл бұрын
Hi Sourav, copy/paste works the same in CBE as it does in Windows--control C, control V.
@souravnair50773 жыл бұрын
@@SteveWillisACCA okay sir Thank you 👍
@nalinakumari54213 жыл бұрын
Sir, can you do sales variance and advance variance asap
@SteveWillisACCA3 жыл бұрын
Yes, I plan to do a full series on variance analysis this month.
@nalinakumari54213 жыл бұрын
@@SteveWillisACCA Sir, I’ll be waiting for it. Hope to hear from you soon, sir. Really appreciate it.
@nalinakumari54213 жыл бұрын
SIr, how are you doing? Hope to hear from you. I’m stuck to the sales variance and advance variance. The method for Total Material variance was superb. It has more saving time. Hope to hear from you soon.
@nalinakumari54213 жыл бұрын
Hi sir, when will you be sharing sales variance and advance variance?
@23kavinraj3 жыл бұрын
Hi sir, will this formula work for labour rate or labour efficiency variance or salex mix and quantity variance?
@SteveWillisACCA3 жыл бұрын
Which formula do you mean? AA AS SS? This works for all the variable cost variances: Labour, Materials, Var. OH--if I understand your question correctly.
@23kavinraj3 жыл бұрын
@@SteveWillisACCA thank you sir much appreciated
@mmmjim66073 жыл бұрын
SIr can u please tell me what is the affect of loss of material on variance ?
@SteveWillisACCA3 жыл бұрын
Loss of material during the process, i.e. waste, would impact the yield variance. The mix variance only looks at the ratio of the inputs.
@mmmjim66073 жыл бұрын
@@SteveWillisACCA thanks alot Can u please tell me how take calculate this impact in yied variance like we have question in kaplan kit on this but i dont understand hiw we calculate the column in which we take impact of this loss means how to calculate figures in that loss.......is it just like we should calculate every figure in that by applying percentage or just applying to total
@MyDumbdumbdumb3 жыл бұрын
Steve do you have a donation box
@SteveWillisACCA3 жыл бұрын
Hi Bevan, glad the video was helpful. I don't have a donation box, but maybe I'll make one. Good luck tomorrow!
@MyDumbdumbdumb3 жыл бұрын
@@SteveWillisACCA Thank you so much you have been a life saver!
@SteveWillisACCA3 жыл бұрын
@@MyDumbdumbdumb glad it helped--let me know if you pass! Good luck!