Variance Formulas Flashcards by Sophie Rutherford | Brainscape

Q

DMPV

A

Direct Material Purchase variance

PQ(SP-AP)

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Q

DMQV

A

Direct Material Quantity variance

SP(SQ-AQ)

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Q

DLRV

A

Direct Labour Rate variance

AH(SR-AR)

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Q

DLEV

A

Direct Labour efficiency variance

SR(SH-AH)

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Q

VOHSV

A

Variable OH Spending variance

actual variable OH -(AH x SVR)

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Q

VOHEV

A

Variable OH Efficiency variance

SVR(SH-AH)

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Q

FOHBV

A

Fixed OH budget variance

Actual FOH -Budgeted FOH

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Q

FOHVV

A

Fixed OH Volume variance

Budgeted FOH - Applied FOH

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