Studied by 0 people
A level Standard Costing
Total Sales Variance
Actual Sales - Standard Sales
Sales Volume Variance
(Actual Sales Quantity - Standard Sales Quantity) x Standard Selling Price
Sales Price Variance
(Actual Selling Price - Standard Selling Price) x Actual Sales Quantity
Total DM Cost Variance
Flexed Material Cost - Actual Material Cost
DM Usage Variance
(Flexed DM Qty - Actual DM Qty) x Standard DM Rate
DM Price Variance
(Standard DM Rate - Actual DM Rate) x Actual DM Qty
Total DL Variance
Flexed DL Cost - Actual DL Cost
DL Efficiency Variance
(Flexed DL hours - Actual DL hours) x Standard DL Rate
DL Rate Variance
(Standard DL Rate - Actual DL Rate) x Actual DL Hours
Total Variable Overheads Variance
Flexed Variable Overheads - Actual Variable Overheads
Variable Overheads Efficiency Variance
(Flexed DL Hours - Actual DL Hours) x Standard Variable O/H Rate
Variable Overhead Rate Variance
(Standard O/H Rate - Actual O/H Rate) x Actual DL Hours
Total Fixed O/H Variance
(Flexed Hours x OAR/hr) - Actual Fixed Overheads
Fixed O/H Expenditure Variance
Standard Fixed O/H - Actual Fixed O/H
Fixed O/H Volume Variance
(Standard Hours - Flexed Hours) x OAR/ hr
Fixed O/H Efficiency Variance
(Flexed Hours - Actual Hours) x OAR/ hr
Fixed O/H Capacity Variance
(Actual Hours - Standard Hours) x OAR/ hr
