(Drumroll and sounds of Trumpet, and while we are at it why not some birds chirping and angels singing also yaar!!!)
And now the theory:
“Quatum of human knowledge is today restricted to the search results page of a web-search engine like google or yahoo. If the result doesn’t show up what you are looking for, well it doesn’t exist; pretty much like the name of Geriatrix’s wife, it just doesn’t exist“.
So what might it be that has put me in this advanced state of mind? Well I was turning the good ol’ net upside down trying to find out when can an overhead variance be called material and when immaterial. I came up with zillions of pages expounding on how to dispose a immaterial variance by adding or subtracting from COGS or when it is material how it has to be prorated over a bunch of weird looking numbers, so on and so forth. But on when can I safely call a variance immaterial - Zero, Zilch. So I conclude that this funda doesn’t exist within the realm of normal human knowledge and must require supernatural powers. CAs of the world probably use some black magic to point at an assorted collections of variances and say majestically to some poor variance - I proclaim thee, O insignificant overhead variance, that thou art immaterial. Go and spend your life meditating on thy immateriality. With same arbitrariness perhaps they would point to a more lucky one and say “Thee with a orange colored Direct Labor Cost figure - I like thee - so from hereonforth thou shalt be material.”
Has to be that, for I am yet to see a science here.
Heard of the Paradox of Heaps? Immateriality of variance is a paradox somewhere similar except that it works in the opposite direction - In paradox of heaps, we reach the paradox by subtraction and in immateriality of variances, we reach there by addition..! I mean seriously, if you don”t trust me, ask Ramalinga Raju.. how material variance got built up from immaterial variances!
Oh Lord, where were Thee before the Internet Came?
hahaha, actually i disagree, this theory is applicable only if one is totally dependent on internet for knowledge
:)))))))))))))))))))))))))) … thoroughly enjoyed !!!!
Ek chintanpurn abhivyakti di hai aapane,badhai…………….kim.
Variance with what standard or budget? Its not a light weight staff …. a special recipe of Philosophy, accounting, management account and financial analysis! Good posting with dangerous combination!