## Overview

Our free ACCA PM Standard Costing and Variance Analysis notes cover everything you need to know for this module. From setting standards and flexing to basic variances, and advanced variances and reconciliation, we've got you covered. Whether you're intensively reviewing or looking to solidify specific concepts, these notes provide added peace of mind, knowing that you have a comprehensive resource to help consolidate and revise effectively for ACCA PM. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created detailed study guides for all ACCA PM topics. Check out our other free notes below:

- [Cost and management accounting foundations](./acca-pm-cost-and-management-accounting-foundations)
- [Decision-making techniques](./acca-pm-decision-making-techniques)
- [Risk and uncertainty in decision-making](./acca-pm-risk-and-uncertainty-in-decision-making)
- [Budgeting and forecasting](./acca-pm-budgeting-and-forecasting)
- [Standard costing and variance analysis](./acca-pm-standard-costing-and-variance-analysis)
- [Performance measurement and control](./acca-pm-performance-measurement-and-control)
- [Cost planning and continuous improvement](./acca-pm-cost-planning-and-continuous-improvement)
- [Information systems, data, and ethics in PM](./acca-pm-information-systems-data-and-ethics-in-pm)

## 1. Setting standards and flexing

- [Types of standards and attainable benchmarks](./acca-pm-setting-standards-and-flexing-types-of-standards-and-attainable-benchmarks)
- [Flexed budgets vs static budgets](./acca-pm-setting-standards-and-flexing-flexed-budgets-vs-static-budgets)
- [Operating statements and control reports](./acca-pm-setting-standards-and-flexing-operating-statements-and-control-reports)

## 2. Basic variances

- [Material price and usage variances](./acca-pm-basic-variances-material-price-and-usage-variances)
- [Labour rate and efficiency variances](./acca-pm-basic-variances-labour-rate-and-efficiency-variances)
- [Variable and fixed overhead variances](./acca-pm-basic-variances-variable-and-fixed-overhead-variances)

## 3. Advanced variances and reconciliation

- [Mix and yield; planning vs operational variances](./acca-pm-advanced-variances-and-reconciliation-mix-and-yield-planning-vs-operational-variances)
- [Market size and market share variances](./acca-pm-advanced-variances-and-reconciliation-market-size-and-market-share-variances)
- [Reconciliation of budgeted to actual profit](./acca-pm-advanced-variances-and-reconciliation-reconciliation-of-budgeted-to-actual-profit)


Free ACCA PM Standard Costing and Variance Analysis Study Guide