Variance Analysis, Master (Static), Flexible and Actual Budgets (Cost Accounting Tutorial #47)

[@NikhilDesai]

You have no idea how helpful this video has been for me today!

[@MrNaramsin]

One thing I don't understand is why lecturers cant be like you ? they go on and elaborate on parts of a chapter that are really irrelevant and all they do is OVERCOMPLICATE methods of calculations when in fact its really simple. This kind of maths is simple so why complicate it ? I hope they look at your videos and learn a thing or two cause you really do help me a lot with managerial accounting and as well as many others in my shoes. I want to thank you so very much for your efforts. you're a champ. and without your simplified methods that are so easy to understand I don't think I would be able to get 90+.

[@chloekimball536]

When I have a mgmt accounting issue, I come directly to your channel and I know that I'll find the answer. I always do! Thank you :)

[@ayyemayne696]

I reviewed on Becker and Rogers CPA but couldn't understand it. You taught me in less than 10 mins. Thanks !

[@Evanhcpa]

This is really informative. The difference between static and flexible budget is well-explained. Great job!

[@vocaliise]

Thank you, it totally helped. All it takes is to explain HOW the variances came about, which for some reason, other lecturers do not do. They do not even show the differences between the calculation of actual, flexible and static budget, which was why I could not understand why the respective formula of the variances are such

[@chapisydaddy]

I'm sooooooo glad I found this video!! I'm having a test onThursday and I'm freaking out,but after watching this video.. The notes I had from my professor mke so much sense now.. Thank you so much!!!

[@matthaios4357]

Good video, I take BEC in 3 days and you answered 2 questions for me that I had.

[@watchdiz91]

Really nice. Subscribed immediately.

[@tenshimiko4166]

Very well explanation. Thank you very much! I will be your fan on the cost accounting subject.

[@chapisydaddy]

Thank you! You have saved my life on Thursday! :)

[@ShannonLamberson]

Great video, exactly what I needed.

[@TinaRayMusic]

Helpful!! Chapter 7 is a bit confusing for me, just the part of understanding the difference between favourable and unfavourable.

[@Dan_is_a_liar]

That was helpful but can you explain how to journalize this info?

[@samahahmad2151]

That was very helpful. Thank you.

[@chapisydaddy]

Can you explain the favorable and unfavorable part? I get confused as to what amounts I should be looking at when comparing my results. Thank you :)

[@Chastrike]

Im pretty sure usage/efficiency variance is still between Actual and Flexible. It goes along with price/rate variance.

[@SyedKollol]

Very Good!!!

[@muyuanchen3859]

太棒了！！！！！！！！！

[@rqlrez]

thank you!!!

[@GUDDAisHere]

DAVE IS AWESOME!

[@001lev]

What is the numerical difference between the flexible budget and the annual budget?

[@chapisydaddy]

Hi Dave, thank you for responding to my comment. My test is going to cover 3 chapters: Master Budgets, Flexible Budgets and Direct Cost variances, and the last chapter Flexible Budgets, Overhead Cost Variances. I understand my professor's practice questions but the exams she gives us are different from those practice questions, the way she explains doesn't help me at all, I basically have to teach myself. I'm going to go over this video several times until I understand the concept well enough. Again thank you so much for your videos, I'm actually writing some of my notes to study out of this video :)

[@sumayasuzu4781]

thanks Allah For Great Accountin lectures