accounting formulas

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Last updated 9:21 PM on 4/23/26
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13 Terms

1
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DL Efficiency variance

SR(AH-SH)

2
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Standard Hours Formula

standard hours per unit x Units Produced

3
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Actual Rate Formula

Total Labor costs / Actual Hours

4
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Standard Price Formula

Standard quantity per unit x Units ProducedStandard price per unit

5
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Actual Price Formula

Total Cost / Actual Quantity Purchased

6
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DL Rate Variance Formula

AH x (AR-SR)

7
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DM Quantity Variance Formula

SP x (AQU - SQ)

8
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DM Price Variance Formula

AQP x (AP-SP)

9
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Standard Quantity Formula

Standard per unit x Actual Output

10
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Material Price Variance Formula

AQ × (AP − SP)

11
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Material Quantity Variance

SP × (AQ − SQ)

12
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Variable OH Rate (Spending) Variance

AH × (AR − SR)

13
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VOH Efficiency Variance

SR × (AH − SH)