Author : | Joseph P Helstrom, CPA |
Course Length : | Pages: 16 ||| Review Questions: 8 ||| Final Exam Questions: 10 |
CPE Credits : | 2.0 |
IRS Credits : | 0 |
Price : | $17.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - NASBA Registry |
Technical Designation: | Technical |
Primary Subject-Field Of Study: | Accounting - Accounting for Course Id 408 |
Description : | The comparison of actual revenue or margin amounts to either budget or prior year results will generally result in a variance. This course demonstrates mathematical formulas to compute the amount of that variance that is attributable to pricing decisions, unit volume and product mix. In the case of margin variances, the calculation for product cost is an additional component. This method is an important tool to clearly and concisely explain revenue and margin variances to marketing, operations and executive personnel. Specific topics covered are the calculation of the price, volume, mix and cost components as well as an explanation of the concept of product mix. Applicable to CPA’s working in the manufacturing or distribution industry as well as CPA’s in public accounting who serve these industries. |
Usage Rank : | 13333 |
Release : | 2017 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Using Volume Price and Mix Analysis to Better The CFO Factor
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 01-Mar-2024 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - NASBA Registry - 408 |
Keywords : | Accounting, Revenue, Margin, Analysis, Explaining, variances, computing, impact, price, volume, mix, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives Upon completion of this course, you should be able to:
• Define and compute the price variance component at the revenue and margin levels • Define and compute the volume variance component at the revenue and margin levels • Define and compute the product mix variance component at the revenue and margin levels • Define and compute the product cost variance component at the margin level |
Course Contents : | Chapter 1 - Revenue and Margin Analysis - Explaining variances by computing the impact of price, volume and mix Introduction Revenue Analysis – The Price Component Revenue Analysis – The Volume Component Revenue Analysis – The Mix Component Revenue Analysis – Summary Revenue Analysis – Example Review Questions Introduction to Margin Analysis Margin Analysis – The Price Component Margin Analysis – The Volume Component Margin Analysis – The Mix Component Margin Analysis – The Cost Component Margin Analysis – Summary Margin Analysis – Example Review Questions Glossary |