4347 Variances
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12 Terms
Budget Variance
Budget Operating Income - Actual Operating Income
Flex Budget Variance
Actual Operating Income - Flex Operating Income
Sales Volume Variance
Budget Operating Income - Flex Operating Income
Selling Price Variance
Actual Q * (Budgeted SP - Actual SP)
DM Price Variance
Actual Q of DM * (Actual Price - Budget Price of DM)
DM Efficiency Variance
Budgeted Price of DM * (Actual Q - Budgeted Q @ actual output)
DL Price Variance
Actual Q of DL * (Actual Price - Budgeted Price of DL)
DL Efficiency Variance
Budgeted Price of DL * (Actual Q - Budgeted Q @ actual Output of DL)
VOH Price Variance
Actual VOH/ unit of base - Budgeted VOH/ unit of base @ actual Output
VOH Efficiency Variance
(Actual Q base - Budgeted Q base @ actual output) * Budgeted VOH cost/ unit of base
FOH Variance
Actual FOH - Flex FOH
Production Volume Variance
Budgeted FOH - FOH Allocated for actual output
