Material Quantity Variance

In this video, I explain the material quantity variance, also known as material usage variance and material efficiency variance, it’s causes, how it is calculated using a simple example and a short quiz.

Chapters:

0:00 What is material quantity variance
1:00 How to calculate
1:30 Example
3:30 Quiz
5:50 Causes of favorable material quantity variance
6:30 Causes of adverse material quantity variance

Further reading:


https://accountingo.org/managerial/variance/direct-material-quantity-variance/

Тэги:

#Material_quantity_variance #material_usage_variance #material_efficiency_variance #managerial_accounting #budgeting #standard_costing #variance_analysis

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