Page 101 - P1 Integrated Workbook STUDENT 2018

Chapter 7

Variance analysis

Outcome

By the end of this session you should be able to:

 calculate variances for revenues and costs

 attribute the most likely cause for a calculated variance

 explain the advantages and disadvantages of standard costing in various
sectors and its appropriateness in the contemporary business environment

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapters 8 and 9 of your Study Text

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