BEC Variance question

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  • #3153678
    Trying
    Participant

    I took the AICPA practice test, and I'm also using Becker to supplement Ninja.

    The AICPA question: “Material Price Variance”. I used: Actual DM Purchased x (Actual Price – Standard Price). I missed it bc I was supposed to use: Actual units used x (AP/unit – St.P/unit). Does anyone know how to determine when to use units vs. purchases?

    AICPA Q#2: VMOH Spending Variance: I used: Actual hours worked x (Act. rate – St. rate) but they use: (VMOH actual – Budgeted VMOH based on Actual HRS). How do I determine what they are asking and which formula to use?

    Thank you!

    AUD - 79
    BEC - 71
    FAR - 76
    REG - NINJA in Training
    FAR: 72, 76

    AUD: 68, 79

    BEC: 70, 71

     

    #3155769
    CPAHOPE
    Participant

    Allthingsmathmatics on youtube

    He explains variance concepts very well. He was the big reason why i passed BEC

    AUD - 66
    BEC - 76
    FAR - 68
    REG - 79
    FAR 57,61,57,56,68 (Fk)

    REG 54,49,69,66, 79

    AUD 39(lol), 66

    BEC 64,60,50(lol),70,67,71,76

    "Theres no limit unless you allow it"

    #3158118
    Mandy
    Participant

    Look at Rogers videos on Youtube about the variances he explains the tier approach and then if you get that then you can use short cut formulas you are talking about.

    AUD - 78
    BEC - 77
    FAR - 81
    REG - 87
    All in the name of Accounting
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