Q3 Calculations 0.0 / 5 ? Business ManagementAccountingUniversityNone Created by: ChrisB98Created on: 14-05-19 19:32 Sales Variance Sales volume variance and sales price variance 1 of 10 Sales volume variance Original profit-Flexed profit 2 of 10 Sales price variance Actual sales revenue - Flexed sales revenue 3 of 10 Labour variance Labour rate variance and labour efficiency variance MAKE SURE TO PUT INTO HOURS 4 of 10 Labour rate variance (Standard rate - Actual rate) × Actual hours 5 of 10 Labour efficiency variance (Flexed hours - Actual hours) × Standard rate 6 of 10 Materials variance Direct material price variance and direct material usage variance 7 of 10 Direct material price variance (Standard material price - Actual material price) × Actual Quantity 8 of 10 Direct material usage variance (Flexed Quantity - Actual Quantity) × Standard material price 9 of 10 Fixed overhead variance (Flexed overheads - Actual overheads) 10 of 10
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