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/ http://ir.uitm.edu.my/id/eprint/17073/2/PPb_NOR%20SHARIDA%20%20AB%20SHARIF%20BM%2010_5.pdf

id	uitm-17073
recordtype	eprints
spelling	uitm-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)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
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/ http://ir.uitm.edu.my/id/eprint/17073/2/PPb_NOR%20SHARIDA%20%20AB%20SHARIF%20BM%2010_5.pdf
first_indexed	2023-09-18T22:57:30Z
last_indexed	2023-09-18T22:57:30Z
_version_	1777417951702417408

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

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