The following link is to a video workthrough of the Atlantic Furniture Budgeting Question relating to AC115:
Any student of management accounting (or management accountant) will be able to tell you about the costs/revenues which are relevant to decision-making. It is not very often a clear cut example appears in the media however. One really good example is the cost of discontinuing Irish Water – a public water utility formed three years […]
As far as I’m concerned, the attached formulas are the most efficient way to learn/apply variance analysis.