Variances mind map

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  • Variances
  • Materaisl price
    • Difference in price per kg x actual quantity used
      • Favourable - cheaper supplier, bulk discounts, lesser quality materials
      • Adverse - shortage of materials, better quality materials, fewer discounts
  • Sales price
    • Sales variances
      • Variances
  • Sales volume
    • Sales variances
    • Difference in sales price x actual quantity sold
      • Sales price
        • Adverse - competition means reducing prices, more discounts given
        • Favourable - good quality product - higher price, new product, popular product


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