Chpater 12 do first formulas Flashcards
material variance
(AQ x AP) - (SQA X SP)
CALCUALTE SQA
UNITS NEEDED TO MAKE UNITS PRODUCED
Material price variance
(AQ X AP) - (AQ X SP)
Material quantity variance (efficiency{
(AQ XSP) - (SQA X SP)
Total Labour Variance
(AH x AR) - (SHA x SR)
Labour price variance
(AH X AR) - (AH X SR)
Labour Qunatity Variance (efficiency)
(AH x SR) - (SHA x SR)
total variable overhead budget variance
Actual variable overhead - (TSHA x SR)
Variable Overhead spending (price) variance
Actual VOH - (TAH x SR)
Variable Overhead efficiency variance
(TAH x SR) - (TSHA x SR)
AQ
actual quantities
AP
actual price
SQA
standard quantity allowed (units needed to make units produced)
SP
standard price
AH
Actual hours
AR
actual rate
SHA
standard hour allowed
sR
standard rate
TAH
total actual hours
TSHA
total standard horus allowed at standard variable overhead rate
Total fixed overhead variance
actual fixed overhead - (TSHA x SR)
Fixed overhead spending variance
Actual FOH costs - (normal capcity hrs x SR)
Fixed overhead volume variacen
Fixed overhead rate x (normal capcity hrs - total standard hrs allowed)
Total OH Variacne
- calculate overhead rate
estimated overhead / estimate dl hrs - calculate total overhead variance
actual OH - applied OH (actual units x # hrs required / unit)
OH budget Variance
actual oh - budgeted oh
OH volume variance
a) fixed OH rate
(total fixed x 12) / estimated dl hrs
b. normal monthly capacity
estimated DL hrs / 12
fixed OH rate x (normal capacity - standard hrs allowed)
