[Trying]

I took the AICPA practice test, and I’m also using Becker to supplement Ninja.

The AICPA question: “Material Price Variance”. I used: Actual DM Purchased x (Actual Price – Standard Price). I missed it bc I was supposed to use: Actual units used x (AP/unit – St.P/unit). Does anyone know how to determine when to use units vs. purchases?

AICPA Q#2: VMOH Spending Variance: I used: Actual hours worked x (Act. rate – St. rate) but they use: (VMOH actual – Budgeted VMOH based on Actual HRS). How do I determine what they are asking and which formula to use?

Thank you!

[CPAHOPE]

Allthingsmathmatics on youtube

He explains variance concepts very well. He was the big reason why i passed BEC

[Mandy]

Look at Rogers videos on Youtube about the variances he explains the tier approach and then if you get that then you can use short cut formulas you are talking about.

[CPAHOPE]

This math teacher helped me to pass BEC. This guy is superb at explaining variance questions

[CPAHOPE]

[Author]

Replies