What is Variance Analysis?

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Variance analysis can be summarized as an analysis of the difference between planned and actual numbers.

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Fantastic Video. I've been struggling for a long time to grasp the underlying concept of variances and variance analysis. This video is very informative and yet concise. Thank you and well done.

CrestfallenChameleon
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Thank you! The 7 minute mark is a simple and helpful explanation of how to perform a price/volume variance analysis.

justintomas
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I just love the way you explain this. So simple to understand.. 😊.thank you for the simplicity style in a way YOU explain things.. Jc..

jean-cluadelosilonipyo
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Material price and Fixed costs should be negative in your last "slide", where you provide the overview, brackets are missing.

quintenbeune
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Thanks man for understanding variance..

datascientistoflife
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You try to give the video more brightness it will be great if you do

kirstenroutledge
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Thanks for making this simple, however, it would have been better if you mentioned if the variances were adverse or positive variance per line item for better understanding.

TheMidaugust
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Could easily be voice actor for littlefingers (petyr baelish)

tomrock