MA34 - Variance Analysis - Explained

Module 9 examines variances. We learn to compute and interpret materials, labour, variable overhead and fixed overhead variances.

[youtubeuser]

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

[exeldence]

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!

[S.M.ShafayatIslam]

thanks, i am going to take my exam in 1 hour

[komboreromurove]

This guy is really good at explaining concepts. Appreciated brotherman

[carterL]

thanks goat got my exam in 2 days wish me luck

[YamileanHernandez]

This is one of the best explanations I have had. Thank u so much!!

[IsmaelGarcia-vqxb]

Thank you so much for the detailed and simple explanation! So grateful for you making these videos!!

[cliffclairespicyreviews]

Can you do variance analysis on excel on financial statement and reconciliation explain the % low and high.

[lavineirvine]

I really needed this. So helpful! Thanks Tony

[VATSINIAINAtatamo]

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 🤩🤩

[gamergirlmars]

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 :(

[ceydayakut.-.]

Thank you tony for detailed explaination and amazing sketchess❤❤❤

[crystalfraser]

Question: What business opportunities can occur for an insurance company based on the output of variance analysis in management accounting?

[KleinZhou]

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.

[MsSimpleMovies]

Materials, labor and MOH variance
DM Price variance (expected standard vs actual)
DM Quantity variance (inefficiency in use of materials - some ruined DMs over used)

[JennyRong]

Why do we use SP instead of AP for DM used?

[HD-xhfk]

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.

[OwenLikesGoats]

Great stuff. Anyone British we normally say ‘favourable’ & ‘adverse’

[antondem]

very helpfull beef is very expensive as it usually has been

[formidablefury]

I think this amount of calculations for the analysis is unwarranted. I say this because you can just do 19kg / 0.2kg = 95, which represents how many burgers he should have made with the 19kg he already used. Seeing that he made only 80 burgers out of what should have been 95 burgers, you can draw the same conclusion / possible reasons for that conclusion.