OH VARIANCE FORMULAS Flashcards
1
Q
FOH (Spending) Variance
A
Actual FOH - Budgeted FOH
2
Q
VOH (Efficiency) Variance
A
Std. Rate * (Actual Qty * Std. Allowed for ACTUAL production)
3
Q
FOH (Efficiency) Variance
A
NO Change. Only Variance is VOH Efficiency
4
Q
VOH (Volume) Variance
A
No Change. Only variance is FOH Volume Variance
5
Q
FOH (Volume) Variance
A
Budgeted FOH - (Actual Qty * Std. Rate)
6
Q
VOH (Spending) Variance
A
Actual Qty * (Actual Rate - Standard Rate)
