PMF5

Syllabus D6. Planning And Operational Variances 10 / 11

a) Calculate a revised budget.
b) Identify and explain those factors that could and could not be allowed to revise an original budget.
c) Calculate, identify the cause of and explain planning and operational variances for:
i) sales, including market size and market share; 
ii) materials;
iii) labour, including the effect of the learning curve.
d) Explain and discuss the manipulation issues involved in revising budgets.
Planning And Operational Variances