Tony, I am working for 28 years but I had hard time explaining the concept to my employees. You made so easy and perfect, I will tell them in future to refer to your videos. So good. Regards Arvind
I just wanted to thank you for making these videos. You explain the concepts really well and it is helpful for Accounting students like myself who have to deal with a HORRIBLE textbook that doesn't explain things properly lol- THANK YOU!!
Thank you so much for this one. Not only that I had a clear understanding on these variances but as well as how to visually form in an easier way.. God Bless you more
Thank You Tony for going through this demonstration, I have taken Hybrid Managerial accounting class and have had a hard time getting to understand the material. You explained it perfectly and it greatly assisted me.
Thank you, thank you, thank you for these videos! Simply reading this material in a text format turns English into lines and squiggles. You do an excellent job of simplifying the material and helping us to understand concepts rather than just memorizing steps.
This method works, but only if you use two separate sections, one for purchased and one for used, you can't combine the two (as you would for DL or MOH variances), but the method I have illustrated will absolutely work :) Good luck!!
My management accounting final is this afternoon and I am literally learning this thru your video on 1.75 speed. It's crazy but our prof never explained this as clearly and well as you did.
Thank you for taking the time to explain this to us neophytes. My professor covered the same subject in class and she might have well been drawing Egyptian hieroglyphics on the board. This cleared things up quite a bit. We have several problems where you essentially have to work backwards. Will it still work to use your models and input the data to solve for the missing numbers and rates?
Hi Tony, thank you for these videos! I made a D in the class last semester and your help has gotten me an A this time around. I was wondering on this topic though about the columnar method you use. In our class, the professor stated that the columnar approach can only be used if materials purchased equals materials used. I noticed in your example that the materials purchased was 12,000, but only 10,000 were used and you used your column method. I was just wondering if I was missing something.
Hi Tony, great information which was helped explain two of my activies. However, the activity i am up to now asks me to do a variance analysis, which does not include any materials or units of manufacture. All i have is overhead costs, direct labour hours and cost per labour hour. How would i determine the capacity and expenditure variances, vs efficiency and expenditure variances?
Thank you very much sir. Terrific explanation. Is there a conspiracy among accountants to make textbook material as unreadable and incoherent as possible? There must be a price on your head.
Thanks Tony, very helpful! How would you compute the Total Sales Margin Variance (involving Sales Margin Price Variance and Sales Margin Volume Variance) and Fixed Overhead Expenditure Variance? Thank you
Hi Tony, by the actual quantity used and actual price does that mean according to the flexed budget? I'm a little confused...my accounting exam is next week please reply..thank you for your videos they are helping me
Thank You So Much Sir. this very helpful .God Bless You.!! Would it be possible for you to do a video on 'Investment Appraisal'' & Can you briefly explain it for me? Thank you.
It's a little too complex to get into in the comments, but here's the gist: You take the difference between your actual Fixed Overhead, and your budgeted fixed overhead, and that gives you your fixed overhead "budget variance". Then you take the difference between the budgeted fixed overhead and the standard fixed overhead (I do the same calculation as above - SQ*SP) - the difference between the budgeted fixed overhead and SQ*SP for fixed overhead is your volume variance. Hope this helps...very difficult to explain in the comments.
+Mohamad Helffi - and next time , before you live an idiotic and stupid comment, maybe watch my other videos before making assumptions about my views and making an ass of your self.....fucking dipshit....
Professor Bell, I can't thank you enough for posting these videos! You have helped me out so much as I'm working through this accounting class!
I haven't seen anywhere else that uses this simple and easy method! Thank you so much!!
So glad it helped...I won't be able to put up playlists for a while but I will try to do it over the summer! Good idea :)
Thanks for the comment - and good luck in your studies!
You're welcome - thanks for your comment!
Tony,
I am working for 28 years but I had hard time explaining the concept to my employees. You made so easy and perfect, I will tell them in future to refer to your videos. So good.
Regards
Arvind
You explain this way better than the most professors at many universities..
Thanks a million.
Karim Karim Thanks!
No problem! I hope you get a good grade for putting in all this extra work!
I just wanted to thank you for making these videos. You explain the concepts really well and it is helpful for Accounting students like myself who have to deal with a HORRIBLE textbook that doesn't explain things properly lol- THANK YOU!!
These videos have absolutely provided so much clarity, Thank you dearly - I feel more prepared now.
+Zero Freeze Thanks!!
Yes, this method should work very well... You can definitely "Work backwards" if you understand this well :) Best of luck!
Glad you like them, and I will!
I watched all the parts and all your CVP analysis series. ive spent too much time in class, wish i saw this sooner. Thank you tony, you are AWESOME.
Thank you so much for this one. Not only that I had a clear understanding on these variances but as well as how to visually form in an easier way.. God Bless you more
Thank You Tony for going through this demonstration, I have taken Hybrid Managerial accounting class and have had a hard time getting to understand the material. You explained it perfectly and it greatly assisted me.
+Daryl Dyehouse Thanks so much!
The simplest way to explain something difficult to understand. Wonderful work! Thank you!
The explanation is so clear, and the illustrations are super helpful. Thank you so much.
The best "Accounting" ! Thank you very much!
thank you so much....it is almost criminal how hard textbooks make what you have simply explained.
Thank you, thank you, thank you for these videos! Simply reading this material in a text format turns English into lines and squiggles. You do an excellent job of simplifying the material and helping us to understand concepts rather than just memorizing steps.
+ToniKay Cheney Thank you so much! Happy to hear you aren't just memorizing :)
You are literally a life saver, thank you so so much!
As long as you've laid out your answer the same way as I have, that trick will work :)
Preparing for my MBA accounting test, this helped big time! Thanks - South Africa
This method works, but only if you use two separate sections, one for purchased and one for used, you can't combine the two (as you would for DL or MOH variances), but the method I have illustrated will absolutely work :)
Good luck!!
Thanks Arvind! Glad I could help :)
You are the best. thank you for saving my butt. I really appreciate it. Youre way better than my acct prof. Thank you from the bottom of my heart.
Studying for the CMA, this video is really helpful.
Thanks a lot!!!!
Mohamed Metwally Thank you :)
Very helpful Tony, I've been watching your videos for my CMA exam preparation.
Thank you so much
My management accounting final is this afternoon and I am literally learning this thru your video on 1.75 speed. It's crazy but our prof never explained this as clearly and well as you did.
You're the man Tony! Great videos!
GwPoKo Thank you!
Please upload videos for Fixed Overhead variances as well, rest are the perfectly explained, thanks for uploading.
thank you so much, I hope the rest of your days are full of happiness and love
great work.. thanks for time and effort
kind regards
Your videos are fantastic. Thank you so much!!
Such nice trick at the end, I always knew it but wanted somebody to tell it as I am true or not , you became the first !! ;)
Awesome technique, this clarified all my questions. Thank you sir! Studying for phil. CPA exam.
Thank you for your videos. I have a test tomorrow and I think I should do pretty good because of you.
Thanks! Hope your test went well!
you just helped me prep for my 3rd test of the semester....something my own teacher couldnt accomplish.
blong360 Good luck on the test!!
Thank you very much. Great short, simple explanation!!
Ольга Сафонова Thanks!
Thank you for taking the time to explain this to us neophytes. My professor covered the same subject in class and she might have well been drawing Egyptian hieroglyphics on the board. This cleared things up quite a bit.
We have several problems where you essentially have to work backwards. Will it still work to use your models and input the data to solve for the missing numbers and rates?
2020 and I still find this useful 👍 thank you
Thank you, Tony. Very helpful!
Thanks!
Much clearer understanding now, thank you!!
thanks alot for making my life easy by uploading such wonderful way of handling variance ....can you plz upload fixed varience plzzz
Preparing for my CA exam. Thank you sir. -Pakistan
thank you tony!you really helped me a lot!
Thank you very much sir. All the blessings to you.
Extremely helpful! Thanks a lot
Hi Tony, thank you for these videos! I made a D in the class last semester and your help has gotten me an A this time around. I was wondering on this topic though about the columnar method you use. In our class, the professor stated that the columnar approach can only be used if materials purchased equals materials used. I noticed in your example that the materials purchased was 12,000, but only 10,000 were used and you used your column method. I was just wondering if I was missing something.
Relly Helpful and clear
very helpful! I wish you were my prof back in college!
sylvia L Thank you :)
wow, thank you so much for these videos... they really cleared up everything :)
Thanks very much my brother,keep up with your good work ,,,,,thanks again
Sibonelo Msali Thank you!
Hi Tony. Does the same chart meaning the AQ/AP...AQ/SP work for fixed overhead variances?
excellent video
All the videos were very helpfull ,,,, thanks
mallam uae Thank you
No problem!!
wow Thank you very much you just help me
now i understand big up with good work
Joseph Mazibuko Thanks!!
omg! we are almost twins.... does your family come from spain by any chance?
Hi Tony, great information which was helped explain two of my activies. However, the activity i am up to now asks me to do a variance analysis, which does not include any materials or units of manufacture. All i have is overhead costs, direct labour hours and cost per labour hour. How would i determine the capacity and expenditure variances, vs efficiency and expenditure variances?
Sorry Boris...I'm not sure about that one.
Thank you very much sir. Terrific explanation. Is there a conspiracy among accountants to make textbook material as unreadable and incoherent as possible? There must be a price on your head.
Helped a (both parts). Thank you!
Bobby Faison Thanks!
Thanks Tony, very helpful! How would you compute the Total Sales Margin Variance (involving Sales Margin Price Variance and Sales Margin Volume Variance) and Fixed Overhead Expenditure Variance? Thank you
Hi Aaron, I haven't prepared videos on those variances, but I have targeted them for future videos. Sorry I can't help at this time!
***** No problem, thank you for replying so quickly. What you have posted has been very helpful as it is!
Hi Tony, by the actual quantity used and actual price does that mean according to the flexed budget? I'm a little confused...my accounting exam is next week please reply..thank you for your videos they are helping me
tanya jade No...it means what we actually paid. Hope this helps :) Hope your test went well.
Thank you
Amal mohammed Thanks!
Thank You So Much Sir. this very helpful .God Bless You.!!
Would it be possible for you to do a video on 'Investment Appraisal'' & Can you briefly explain it for me?
Thank you.
chamali herath Sorry, no plans for Investment appraisal :(
Thank you so much ^_^
can you please tell me how i can find out overhead variance for volume?
It's a little too complex to get into in the comments, but here's the gist: You take the difference between your actual Fixed Overhead, and your budgeted fixed overhead, and that gives you your fixed overhead "budget variance". Then you take the difference between the budgeted fixed overhead and the standard fixed overhead (I do the same calculation as above - SQ*SP) - the difference between the budgeted fixed overhead and SQ*SP for fixed overhead is your volume variance.
Hope this helps...very difficult to explain in the comments.
Thank You
Can u add fixed overhead . I'm getting confused this one! upload quickly coz i have an exam
Helffi Helmi Definitely in the future...sorry, but it won't be done until later in the summer.
+Mohamad Helffi - and next time , before you live an idiotic and stupid comment, maybe watch my other videos before making assumptions about my views and making an ass of your self.....fucking dipshit....
Now i am connecting this with PMP
Ok!!
Must say. It was good
This is a great video except the quick tip. People really must understand fav or unfav variance-- not the the quick tip which is very gross.