Page 270 - Microsoft Word - 00 ACCA F2 Prelims.docx

Chapter 15

 explain potential action to eliminate variances

 explain factors to consider before investigating variances, explain possible
causes of the variances and recommend control action

 explain the interrelationships between the variances

 calculate actual figures or standard figures where the variances are given

 reconcile budgeted profit with actual profit under standard absorption costing

 reconcile budgeted profit or contribution with actual profit or contribution under
standard marginal costing.

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 15 of your Study Text

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