Latest Update: Complete income statement and EBITDA variance analysis course now available at heavy discount: https://ebitda.thinkific.com/pages/start

Looking for more personalized help?

Get in touch with me on one of these platforms:
Instagram: https://www.instagram.com/learnaccountingfinance
Facebook: https://www.facebook.com/profile.php?id=100063564513161
Tiktok: https://www.tiktok.com/@learnaccountingfinance
Website: https://www.learnaccountingfinance.com
Subscribe: http://www.youtube.com/c/LearnAccountingFinance?sub_confirmation=1

How to level load production volume (production planning) so that you employ minimum number of temp labour and keep labour costs at a minimum. In this video, I will show you how to use the Solver Add-in in Excel to allocate monthly production volume in a way that the manufacturing organisation ends up spending the minimum amount on labour. This assumes that you have a fixed number of full time staff, and you are production planning to ensure that the variable temp costs are kept to a minimum. You can learn to add different types of constraints to arrive at the best possible solution. Try multiple scenarios and add constraints to find the most optimal solution for cost saving and efficient manufacturing volume planning.

Course Alert:
If you would like to learn in detail, how to calculate sales variances and the impact they have on sales $, profit $ and profit margin %, and how to explain performance vs budget and prior periods, click on the link for a detailed video course (at a special price). You will also learn how to analyse and present the results of the variances to management and will be able to download solved variance calculation Excel templates. https://varianceanalysis.thinkific.com/courses/sales-variance-and-profitability-analysis-price-mix-vol-live

Connect:
https://www.instagram.com/learnaccountingfinance
https://www.learnaccountingfinance.com
Subscribe: http://www.youtube.com/c/LearnAccountingFinance?sub_confirmation=1

Videos you may like:
Learn sales and profitability analysis in detail here: https://youtu.be/CNx1Xu3DWVY
Gross profit and gross profit margin explained: https://youtu.be/Px4pEhiTRdI
How calculate selling price and profits on Etsy: https://youtu.be/WsrdSr_IIhM
Standard Margin and Actual Margin - the Difference: https://youtu.be/p-Vbqh_j-ZY
How calculate selling price and profits on Etsy: https://youtu.be/WsrdSr_IIhM

Some Recommendations:
Are you a First Time or New Manager? Check this out: https://amzn.to/35qWzLc
Learn pivot table data crunching business skills here: https://amzn.to/3lgYB5E
Learn all about Excel in one place: https://amzn.to/3laCXQx
Learn what financial numbers really mean here: https://amzn.to/2HPYDUI
Accounting explained in 100 pages or Less: https://amzn.to/3rCProc
Note: At no extra cost to you, I may receive some commission if you purchase using the links above.

Hope you find the information in the video helpful. If you like to watch more videos in accounting, financial analysis and controller ship, videos that help you directly in doing your job, subscribe to my channel. If you liked the video, I would love if you could LIKE it and leave a comment. If you have any questions or feedback, again leave a comment. Lets stay connected at #learnaccountingfinance.