variance formulas
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10 Terms
1
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Material Price Variance
(AQ x AP) - (AQ x SP)
2
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Material Usage Variance
(AQ x SP) - (SQ x SP)
3
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Total Material Cost Variance
(AQ x AP) - (SQ x SP)
4
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Total Sales Variance
MBS - Actual Sales
5
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Sales Price Variance
Flex Budgeted Sales - Actual Sales
6
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Total Sales Cost Variance
MBC - Actual Costs
7
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Quantity Variance
MBC - FBC
8
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Total Variable O/h Cost
Actual Variable O/h - Standard Variable O/h
9
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Total fixed O/h Cost
Budgeted Fixed O/h - Actual Fixed O/h
10
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Labour rate variance
(AH x AR) - (AH x SR)
Note 
Flashcards (20)