Decision and contol formulas Flashcards
1
Q
index formula
A
current period fugure/ base period fugure X 100
2
Q
Deflation and inflation
A
Cash flow to deflate x index num of previous period/
Index num of year where cash flow occurs
Cash flow to inflate x index num of future year/
Index num of year where cash flow occurs
3
Q
Idle time formula
A
Hours worked - hours paid x standard rate per hr
4
Q
Non controllable material price variance
A
Original standard price for actual quantity - revised(adjusted) standard price for actual quantity
5
Q
The controllable material price variance
A
Revised (adjusted) price for actual quantity -
Actual quantity @actual price
