Variances mind map
- Created by: Amanda Cavanagh
- Created on: 16-05-13 11:30
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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
- Difference in price per kg x actual quantity used
- Sales price
- Sales variances
- Variances
- Sales variances
- Sales volume
- Sales variances
- 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
- Sales price
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