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Standard Costing-Material cost variances (basics)
P
Parag Gupta
9 Views • Jul 14, 2010
Description
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
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