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Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif

The purposes of doing this research are to know what is variance analysis is all about. What are the types of variance analysis that the company applied and how they calculated on it. Also I want to identify what are the factors that can give effect to the results of variance analysis. There’s must...

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Main Author: Ab Sharif, Nor Sharida
Format: Student Project
Language:English
Published: Faculty of Business and Management 2010
Online Access:http://ir.uitm.edu.my/id/eprint/17073/2/PPb_NOR%20SHARIDA%20%20AB%20SHARIF%20BM%2010_5.pdf
http://ir.uitm.edu.my/id/eprint/17073/
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spelling my.uitm.ir.170732019-11-18T03:24:38Z http://ir.uitm.edu.my/id/eprint/17073/ Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif Ab Sharif, Nor Sharida The purposes of doing this research are to know what is variance analysis is all about. What are the types of variance analysis that the company applied and how they calculated on it. Also I want to identify what are the factors that can give effect to the results of variance analysis. There’s must be problem that occurred when analyze the variance, not only this company but also to other company. I want to identify what are the problems that arise in the analysis, the reason why they doing variance analysis, the implication if the analysis results to unfavorable variance and what are the action taken by them if this matter happened. The basic concept of variance analysis is difference between cost that was planned and actual level of cost achieved. From this research, I found that this company only focuses on material variance analysis rather than other types of variance analysis. They used the formula of (actual cost – estimated cost). There are many factors involved that reflect the results of variance analysis which are raw material used different from original material specification quoted, recent changes in purchase price of material and also employee efficiency in doing their job. The problems that arise when doing this analysis are probability that they might ignore the quality of the product in order to reduce cost of producing the product and the second problem is unfavorable price variance. When unfavorable price variance occurred, they will investigate why it was happened, normally it involved production line and also make revision to identify really quantity needed to produce the product. They have to take action because if not, it will decrease the profit of the company. Variance analysis is important because it provide a base against which actual performance can be measured and improve the business. Faculty of Business and Management 2010 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/17073/2/PPb_NOR%20SHARIDA%20%20AB%20SHARIF%20BM%2010_5.pdf Ab Sharif, Nor Sharida (2010) Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
description The purposes of doing this research are to know what is variance analysis is all about. What are the types of variance analysis that the company applied and how they calculated on it. Also I want to identify what are the factors that can give effect to the results of variance analysis. There’s must be problem that occurred when analyze the variance, not only this company but also to other company. I want to identify what are the problems that arise in the analysis, the reason why they doing variance analysis, the implication if the analysis results to unfavorable variance and what are the action taken by them if this matter happened. The basic concept of variance analysis is difference between cost that was planned and actual level of cost achieved. From this research, I found that this company only focuses on material variance analysis rather than other types of variance analysis. They used the formula of (actual cost – estimated cost). There are many factors involved that reflect the results of variance analysis which are raw material used different from original material specification quoted, recent changes in purchase price of material and also employee efficiency in doing their job. The problems that arise when doing this analysis are probability that they might ignore the quality of the product in order to reduce cost of producing the product and the second problem is unfavorable price variance. When unfavorable price variance occurred, they will investigate why it was happened, normally it involved production line and also make revision to identify really quantity needed to produce the product. They have to take action because if not, it will decrease the profit of the company. Variance analysis is important because it provide a base against which actual performance can be measured and improve the business.
format Student Project
author Ab Sharif, Nor Sharida
spellingShingle Ab Sharif, Nor Sharida
Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif
author_facet Ab Sharif, Nor Sharida
author_sort Ab Sharif, Nor Sharida
title Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif
title_short Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif
title_full Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif
title_fullStr Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif
title_full_unstemmed Study of variance analysis for a big project at CTRM Sdn Bhd / Nor Sharida Ab Sharif
title_sort study of variance analysis for a big project at ctrm sdn bhd / nor sharida ab sharif
publisher Faculty of Business and Management
publishDate 2010
url http://ir.uitm.edu.my/id/eprint/17073/2/PPb_NOR%20SHARIDA%20%20AB%20SHARIF%20BM%2010_5.pdf
http://ir.uitm.edu.my/id/eprint/17073/
_version_ 1685648892113190912
score 13.211869

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