Standard Costing-Material cost variances (basics)
- 14 years ago
Video of CA. Parag Gupta explaining concepts relating to Material price & usage variance in layman terms.
CA. Parag Gupta is one of the best faculty of Advance Management Accounting (i.e. Costing & O.R.) across India.
Remember, Decision of Quantity used/purchased in Material Price Variance is decided on the basis of Single/Partial Plan followed. While explaining concept in this video, It is assumed that single plan is being followed.
Website: www.paraggupta.com
CA. Parag Gupta is one of the best faculty of Advance Management Accounting (i.e. Costing & O.R.) across India.
Remember, Decision of Quantity used/purchased in Material Price Variance is decided on the basis of Single/Partial Plan followed. While explaining concept in this video, It is assumed that single plan is being followed.
Website: www.paraggupta.com