You are just amazing, i have been struggling for year in class to understand all things related to accounting, now am watching your videos and i understand everything in just few hours...God bless you 🤩🤩
you explained quite clear, but i'm wondering why we use AQ*AP, AQ*SP, SQ*SP, instead of AQ*AP, SQ*AP, SQ*SP? I think their comparison can also show the variation of quantity and price.
how would you write an if excel formula for the variable overhead efficiency variance? of favorable vs unfavorable? that is what i still don't understand :(
I think its because Direct Materials amount (kgs) used is budgeted on the $8 price, not the $7.50. In this case we priced the burger on the beef we planned to use, at the budgeted price. There are only 3 ways price variance is affected. The price changed, or the amount we used changed, or both changed.
wow this actually best explantion for analysis i never understood y they have or use these analysis for thank you so much this channel is so underated
Just wanted to say thank you for these videos. They have helped me pass my core CPA exam! The videos really helped compared to just reading books!
You are just amazing, i have been struggling for year in class to understand all things related to accounting, now am watching your videos and i understand everything in just few hours...God bless you 🤩🤩
thanks , i am going to take my exam in 1 hour
How did it go?
yeah me too lol
😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😂😮😮😂😂😮😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😂😮😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😂😮😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😮😂😂😮😂😮😮😂😮😂😮😂😢 11:26 @@MrPimpeekins
Same
thanks goat got my exam in 2 days wish me luck
This is one of the best explanations I have had. Thank u so much!!
I really needed this. So helpful! Thanks Tony
Thank you so much for the detailed and simple explanation! So grateful for you making these videos!!
Thank you tony for detailed explaination and amazing sketchess❤❤❤
This was very helpful
So smart professor
you explained quite clear, but i'm wondering why we use AQ*AP, AQ*SP, SQ*SP, instead of AQ*AP, SQ*AP, SQ*SP? I think their comparison can also show the variation of quantity and price.
Super nice video!!! Very helpful 🥰🥰🤗🤗
Can you do variance analysis on excel on financial statement and reconciliation explain the % low and high.
Thank you for great explanation
how would you write an if excel formula for the variable overhead efficiency variance? of favorable vs unfavorable? that is what i still don't understand :(
Question: What business opportunities can occur for an insurance company based on the output of variance analysis in management accounting?
very helpfull beef is very expensive as it usually has been
Why do we use SP instead of AP for DM used?
thank you tonay
think you mean aderse ,ate.
Question about DM used. Why we cannot use 19kg x $7.5 & 16kg x $7.5 instead of 19kg x $8 & 16kg x $8 ? 19kg x $7.5 is the actual amount we spent.
I think its because Direct Materials amount (kgs) used is budgeted on the $8 price, not the $7.50. In this case we priced the burger on the beef we planned to use, at the budgeted price. There are only 3 ways price variance is affected. The price changed, or the amount we used changed, or both changed.
What about 200g?
200g = 0.2kg - we use the 200g (0.2kg) number at 8:00 in the video
I wish your audio was louder
😅nice
'my american audience will learn i'm canadian because i said zed' no we realized it when you used kg instead of lbs lol
Hahaha - I never thought about that!