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I have hit the last chapter of Gleim BEC, which is on Costing Systems and Variance Analysis.
They give like 20 different complex formulas in the chapter and there is no way in heaven or hell that I could ever memorize them all. Is there a best way to study variances?I remember doing many problems in my cost accounting course 4-5 years ago now, with lots of ‘F’ and ‘U’ (Favorable/Unfavorable). But, I don’t remember doing anything very complicated with the calculations.
I’ve hit a number of topics in BEC that I never studied in school and this seems to be one of them.
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