Variances

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  • Created by: apple87
  • Created on: 11-04-16 11:52
How is the Total Materials variance calculated?
(SQ x SP) minus (AQ x AP)
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How is Direct Material Price variance calculated?
(SP-AP) x AQ
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How is Direct Material Usage variance calculated?
(SQ - AQ) x SP
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How is Total Direct Labour variance calculated?
(SH x SR) minus (AH x AR)
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How is Direct Labour Rate variance calculated?
(SR - AR) x AH
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How is Direct Labour Efficiency variance calculated?
(SH - AH) x SR
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How is Total Sales variance calculated?
(SQ x SP) minus (AQ x AP)
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How is Sales Volume variance calculated?
(SQ - AQ) x SP
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How is Sales Price variance calculated?
(SP - AP) x AQ
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Other cards in this set

Card 2

Front

How is Direct Material Price variance calculated?

Back

(SP-AP) x AQ

Card 3

Front

How is Direct Material Usage variance calculated?

Back

Preview of the front of card 3

Card 4

Front

How is Total Direct Labour variance calculated?

Back

Preview of the front of card 4

Card 5

Front

How is Direct Labour Rate variance calculated?

Back

Preview of the front of card 5
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