Standard Costing Sales (formulas)

Question 1

sales price variance

Answer 1

AQS x (AP - SP)

Question 2

sales volume margin variance

Answer 2

CM x (AQS - BQS) - variable/direct costing or
GP x (AQS - BQS) - absorption costing

Question 3

market size variance

Answer 3

BGP x {SMS x (AQS - BQS)}

Question 4

market share variance

Answer 4

BGP x {AQS x (AMS - SMS)}

Question 5

mix (1) and yield (2) variances: products X and Y

Answer 5

1. BGP(X) x (RSQ - AQS) + BGP(Y) x (RSQ - AQS)

2. BGP(X) x (SQI - RSQ) + BGP(Y) x (SQI - RSQ)