Direct Variance Equations 0.0 / 5 ? AccountingDecision Making and ControlUniversityOther Created by: Aleysha Natasha Ali-EvansCreated on: 16-09-21 17:29 Direct Material Variance Standard Quantity for Actual x Standard Cost - Actual Quantity Used x Actual Cost 1 of 7 Direct Material Price Variance Actual Quantity Used x Standard Cost - Actual Quantity Used x Actual Cost 2 of 7 Direct Material Usage Variance Standard Quantity for Actual x Standard Cost - Actual Quantity Used x Standard Cost 3 of 7 Direct Labour Variance Standard Hours for Actual x Standard Rate - Actual Hours Used x Actual Rate 4 of 7 Direct Labour Rate Variance Standard Rate x Actual Hours Used - Actual Rate x Actual Hours Used 5 of 7 Direct Labour Efficiency Variance Standard Hours for Actual x Standard Cost - Actual Hours Used x Standard Rate 6 of 7 Direct Idle Time Variance Actual Quantity Productive Hours x Standard Rate - Actual Hours x Standard Rate 7 of 7
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