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Accounting > Chapter 11 > Flashcards

Chapter 11 Flashcards

1
Q

Price variance direct materials

A

AQ*(AP-SP)

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2
Q

Quantity Variance direct materials

A

SP*(AQ-SQ)

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3
Q

Rate variance direct labor

A

AH*(AR-SR)

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4
Q

Efficiency Variance direct labor

A

SR*(AH-SH)

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5
Q

Fixed overhead budgeted variance

A

Budgeted-actual

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6
Q

Fixed overhead volume variance

A

Budgeted-(standard direct labor hoursunits produced)standard fixed overhead

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Accounting (30 decks)

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