ocs variance

gsilva
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ocs variance Sept 11, 2020 13:12:15 GMT

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Post by gsilva on Sept 11, 2020 13:12:15 GMT

I'm sitting the OCS in November, wonder if I should focus on the calculations for variance analysis, or theory about what causes them? e.g. understanding price variance mix if changing the price of products.

I'm aware the case study isn't about calculating specific figures, just wondering if it would be helpful for a few extra marks.

sabinabecker New Member Posts: 12	ocs variance Sept 15, 2020 10:49:10 GMT gsilva likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by sabinabecker on Sept 15, 2020 10:49:10 GMT You should focus on both. You won't need to make the calculations but you must be able to explain how they are made. You might also be asked to explain what has caused a variance.

gsilva New Member Posts: 15	ocs variance Sept 16, 2020 9:47:45 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by gsilva on Sept 16, 2020 9:47:45 GMT Thanks Sabina. I thought there might be questions that would specifically ask for it? e.g asked to calculate the material price variances

sabinabecker New Member Posts: 12	ocs variance Sept 17, 2020 8:26:47 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by sabinabecker on Sept 17, 2020 8:26:47 GMT You won’t have to do any actual calculations. But you may be given variances and then asked to show you understand how it's calculated.

Post by gsilva on Sept 11, 2020 13:12:15 GMT

Post by sabinabecker on Sept 15, 2020 10:49:10 GMT

Post by gsilva on Sept 16, 2020 9:47:45 GMT

Post by sabinabecker on Sept 17, 2020 8:26:47 GMT

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