[jeff]

@h0wdyus

Incorrect

The answer is B. Comparable sales.

“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”

This was a tricky one

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Leena_1101]

D is correct

[Leena_1101]

Competence and Objectivity

[RandomAlt]

Correct!

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[h0wdyus]

Folks

The 2 way and 3 way variance theory questions are killing me. Any thoughts on how to tackle Fixed OH along with Variable OH Variance. Any thoughts. Anyyy….

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[RandomAlt]

Skip it, that's what I'm doing 😉

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[h0wdyus]

hahaha. 🙂 I am on the verge of skipping it.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

@h0wdyus

With 3 way variance, 3 variances are reported separately

1.VOH Spending Variance

2.FOH Efficiency Variance

3.FOH Volume Variance

With 2 way variance 1 and 2 are added together to form Budget Variance, FOH Volume variance will continue to be reported separately

Budget Variance (1.VOH Spending Variance +2.FOH Efficiency Variance)

3.FOH Volume Variance

Hope this helps

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[h0wdyus]

I thought 3 way are

1) OH Spending Variance. Combined the 2 spending Variances

2) VOH Efficiency Variance

3) FHO production volume variance

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

Well, that's what I got in Gleim. They give the formulas but they're not really tested. Who knows…lol

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[h0wdyus]

I hope they are not tested. There seems to be a variation in the variance formula. I hope it is not unfavourable to us. 🙂 🙂

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[Anonymous]

@ h0wdyus — I didn't have any overhead variance questions — mine were DL or DM.

Passed this section!

[RandomAlt]

@h0wdyus … We all face a cost/benefit analysis with this test. I wasn't kidding when I said I skipped it. There are certain topics I just won't put in the time to memorize, because I don't see a benefit in spending an inordinate amount of time on a small topic.

I am sure there are others here who will disagree with me, but that is just how I see it.

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[GoVPI]

@2014 nice. We took the test the same day and I haven't gotten my score back yet.. I suppose I am on the bubble!

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
REG
FAR

[Anonymous]

CPA in 14 — I am sending you positive thoughts!

[h0wdyus]

@2014

Thanks. Any more insights will be helpful.

@RandomAlt

My plan is to just do the worked example for 2 and 3 way variance in the Wiley book. Try and do the questions in the book. Then leave it at that, in Gods hands.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[Author]

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