Chapter 12.5 - Advances variances Flashcards
What are the three rows to calculate the material mix and yield variances?
AQAM
AQSM
SQSM
How do you calculate the material mix variance?
(AQAM - AQSM) x Standard price
How do you calculate the material yield variance?
(AQSM - SQSM) x Standard price
What is the operational and planning variance table?
Actual Quantity X Actual Price
Actual Quantity X Revised Standard Price
Revised Standard Quantity X Revised Standard Price
Revised Standard Quantity x Standard Price
Standard Quantity X Standard Price
What is the Material operational price variance?
Actual Quantity X Actual Price
Actual Quantity X Revised Standard Price
What is the Material operational usage variance?
Actual Quantity X Revised Standard Price
Revised Standard Quantity X Revised Standard Price
What is the Material planning price variance?
Revised Standard Quantity X Revised Standard Price
Revised standard quantity X Standard price
What is the Material planning usage variance?
Revised standard quantity X Standard price
Standard quantity X Standard price
What is the sales operational and planning variance table?
Actual Quantity X Standard Profit/Contribution
Revised Budgeted Quantity X Standard Profit/Contribution
Budgeted Quantity X Standard Profit/Contribution
What is the sales volume operational variance?
Actual Quantity X Standard Profit/Contribution
Revised Budgeted Quantity X Standard Profit/Contribution
What is the sales volume planning variance?
Revised Budgeted Quantity X Standard Profit/Contribution
Budgeted Quantity X Standard Profit/Contribution
