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17 Videos (2h 29m)
    • Introduction

    • Material Cost Variance

    • Material Price Variance

    • Material Usage Variance

    • Case Study on Material Cost Variance

    • Material Cost Variance for more than one Material

    • Comprehensive Case Study on Material Cost Variance

    • Case Study MCV more than one Comprehensive Case Study MCV

    • Labour Cost Variance

    • Labour Rate Variance

    • Labour Efficiency Variance

    • Case Study Labour Cost Variance

    • Comprehensive Case Study Labour Cost Variance

    • Overhead Cost Variance

    • Production Volume Variance

    • Overhead Expenses Variances

    • Variable Overhead Cost Variance


About This Class

Welcome to this course Cost Accounting Standard Costing Variances.

This course is an extension of Standard Costing Techniques Course.

In this course, you will learn about various Costing Variances like

a) Material Costing Variance

b) Material Price Variance

c) Material Usage Variance

d) Material Mix Variance

e) Material Yield Variance

f) Labour Cost Variance

g) Labour Rate Variance

h) Labour Efficiency Variance

i) Labour Mix Variance

j) Idle Time Variance

k) Labour Yield Variance

l) Overhead Cost Variance

m) Variable Overhead Cost Variance

n) Expenditure or Budget Variance

o) Efficiency Variance

p) Fixed Overhead Cost Variance

q) Expenditure Variance

r) Volume Variance

s) Efficiency Variance

t) Capacity Variance

u) Calendar Variance.

This course is structured with an intention to equip you for professional accounting / finance courses world wide.

This course is structured in self paced learning style.

Video lectures are used for delivering the course content.

Welcome to this course once again and all the very best.






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Ca Raja Natarajan

Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.  

I also hold

  1. Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
  2. Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.

During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in

a) Financial Analysis

b) Risk Assessment

c) Viability Study

d) Evaluating business models

e) Project Finance

f) Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like

a) Project Finance

b) Credit Risk Assessment

c) Entrepreneurship Development

d) Finance for Non Finance Executives

e) Burning Desire for Entrepreneurship

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.