Planning and Operational Variances | Variance Analysis | ACCA F5 | Performance Management | CMA | CA

This video from Commerce Specialist explains the concept of Planning and Operational Variances. Detailed explanation is given regarding What are Planning Variances, What are Operational Variances, How to calculate Planning Variance, How to calculate Operational Variances, the difference between Planning and Operational Variances.

A comprehensive questions is solved explaining how to calculate Material Price Planning Variance, Material Price Operating Variance, Material Usage Planning Variance, Material Usage Operating Variance, Labor Price Planning Variance, Labor Price Operating Variance, Labor Efficiency Planning Variance and Labor Efficiency Operating Variance.

This video is relevant for students of CMA part 1, CIMA, CPA, CA, ACCA, MBA and students of other professional qualifications.

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[ariyoifeoluwa-kkmo]

Thank you so much
I've really been having a hard time with this. I appreciate

[rohitprasad]

💯Satisfied with this class sir, Thank you So Much sir, 💙💙💙

[aryanagarwal]

thank you sir you're a great help for my acca studies just one thing i didn't quite get in the explanation of planning and operational variance for labour in the first part where you are calculating labour rate planning variance you took standard rate per hour as $16 but that was for 2units and revised rate per unit you took $15 but that was of per unit. My point here is that if you are taking Standard Rate as $16 for 2 units you might as well want to take Revised Rate for 2 units as well. If possible please explain this sir, would be a great help. Regards, Aryan

[katherinegreen]

Thankyou much, helping me greatly, a million times better than my teacher

[Agent-yujc]

thanku sir ❤❤❤❤❤ ...this helped me a lot..

[AbdulLateefKhan-bu]

please share the sales mix and volume variance

[ariyoifeoluwa-kkmo]

Thank you so much
I've really been having a hard time with this. I appreciate