Chpater 12 do first formulas Flashcards
1
Q
material variance
A
(AQ x AP) - (SQA X SP)
2
Q
CALCUALTE SQA
A
UNITS NEEDED TO MAKE UNITS PRODUCED
3
Q
Material price variance
A
(AQ X AP) - (AQ X SP)
4
Q
Material quantity variance (efficiency{
A
(AQ XSP) - (SQA X SP)
5
Q
Total Labour Variance
A
(AH x AR) - (SHA x SR)
6
Q
Labour price variance
A
(AH X AR) - (AH X SR)
7
Q
Labour Qunatity Variance (efficiency)
A
(AH x SR) - (SHA x SR)
8
Q
total variable overhead budget variance
A
Actual variable overhead - (TSHA x SR)
9
Q
Variable Overhead spending (price) variance
A
Actual VOH - (TAH x SR)
10
Q
Variable Overhead efficiency variance
A
(TAH x SR) - (TSHA x SR)
11
Q
AQ
A
actual quantities
12
Q
AP
A
actual price
13
Q
SQA
A
standard quantity allowed (units needed to make units produced)
14
Q
SP
A
standard price
15
Q
AH
A
Actual hours
