MANAGERIAL ACCOUNTING
Ing. Markéta Skupieňová, Ph.D.
MANAGERIAL ACCOUNTING/NANMU

MANAGERIAL ACCOUNTING
OUTLINE OF THE LECTURE
1. Variance / Variations
1.
1.
1.

1.

Variance / Variations



•
Variance
•
•
•
•It expresses the difference between actual and planned quantities

csvukrs

•
Profit deviation (or economic results)
•In connection with the economic result, or we recognize the factors that influence the economic
result:
•
•Cost (expenses) variance
•
•Sales (revenue) variance
•
•
•Derived from the calculation of the economic result (profit or loss)
•
•Economic results (ER) = revenues – express   or
                                          = sales - costs

csvukrs

•
Variance
•It expresses the difference between actual and planned quantities
•
•
•Cost variance
•The difference between actual costs and planned costs
•
•
•Sales variance
•The difference between actual sales and planned sales

csvukrs

•
Profit deviation (or economic results)
•In connection with the economic result, or we distinguish the factors that influence the economic
result in a more detailed breakdown:
•
•Variance of variable costs
•
•Variance of fixed costs
•
•Revenue (Sales) Variance

csvukrs

•
Profit deviation (or economic results)
•In connection with the economic result, or we recognize the factors that influence the economic
result:
•
•Variable cost variance
•Deviation of natural inputs (material-kg)
•Price deviation of in-kind inputs (CZK/kg)
•
•Fixed cost variance
•
•Revenue (Sales) Variance
•Deviation of the volume of products sold (pcs)
•Sales price deviation (CZK/piece)

csvukrs

•
Variance
•Total Variance = Actual  Quantities - Planned  Quantities
•
•
•Total Variance = Quantitative Deviation + Price Variance
•
•
•Quantitative deviation
•(actual quantity – planned quantity) * planned price
•
•
•Price variance
•(actual price - planned price) * actual quantity

csvukrs

Thank you for your attention.