[j3cpa]

Anybody got any helpful tips to remember these OH Variance analysis? I’m watching ROGERCPA and his 2 videos are pretty confusing to me on the topic.

Do you know any other reading materials that you can recommend?

Thanks!

Study Material:
GLEIM
BEC - FEB/2012
AUD - FEB/2012
FAR - JULY/2012
REG - JULY/2012

[Recked]

I watched the videos a couple times to begin to understand the concepts.
Gleim book is more direct and to the point with the formulas, but I personally felt it was more helpful to understand the concept, rather than memorizing the formulas.
That being said, walking through the problems conceptually takes more time that just jotting down the formula and hashing it out.
I'd recommend understanding the concepts and committing the formulas to memory.
Walk the video again and see if it starts to click more.

Also, Roger doesn't have sales price and volume variance in his book. The AICPA sample test has questions on that.
I'd suggest you google those formulas as well.

[j3cpa]

thanks for suggestion. I will review sales price and volume variance through googling.

Study Material:
GLEIM
BEC - FEB/2012
AUD - FEB/2012
FAR - JULY/2012
REG - JULY/2012

[Mike J]

Stop trying to find shortcuts or memory tricks.

Instead I worked a few MCQ problems with the full variance formulas in front of me. Nobody said you have to start your studying without your notes. Each time write-out whichever formula you need to answer the question, including the unit conversions. Then after a few times, when your more comfortable do the MCQ without them.

In short, dont try to memorize everything. You can't. The test is designed to make sure you understand the material so prepare that way.

[Anonymous]

I agree, those mnemonics are useless-if you understand what they are getting at, then you understand how to do it. The cost accounting textbooks also have a visual representation of the variances which I found very helpful-i would literally draw it out and then solve for whatever variance I needed. Try googling the variance analysis graphics to find one of them. If no other concept in cost accounting, know these inside and out, because it's very easy to get confused, especially if you aren't sure.

[Author]

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