Variances Flashcards
(10 cards)
1
Q
Materials price variance
A
(SP - AP) x AQ
2
Q
Materials usage variance
A
(SQ - AQ) x SP
3
Q
Labour rate variance
A
(SR - AR) x AH
4
Q
Labour efficiency rate
A
(SH - AH) x SR
5
Q
Sales Price variance
A
(AP - SP) x AQ
6
Q
Sales volume variance
A
(AQ - SQ) x SP
7
Q
Variable Overhead expenditure variance
A
(SR - AR) x AH
8
Q
Variable Overhead Efficiency Variance
A
(SH - AH) x SR
9
Q
Fixed Overhead Expenditure Variance
A
BFO - AFO
10
Q
Fixed Overhead Volume Variance
A
(SH - BH) x SR
