Variance Accounting Flashcards by Eric Santiago | Brainscape

Q

Illustrate the Price/ Quantity Diagram

Direct Material Variances

A

AQ x AP—PRICE VAR—AQ X SP—-QUAN. VAR-SQXSP

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Q

Illustrate the Rate/ Efficiency Diagram

Direct Labor Variances

A

AH X AR—-RATE VAR— AH X SR——EFF VAR–SH X SR

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Q

Illustrate the Rate/ Efficiency Diagram

Manufacturing Overhead Variances

A

AH X AR—-RATE VAR— AH X SR——EFF VAR–SH X SR

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Q

Illustrate the Variable Overhead Variance Diagram

A

ActualVOH—-SPEND—-AQXSR—–EFF——-SQXSR

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Q

Illustrate the Fixed Overhead Act Variance Diagram

A

ActualFOH—-SPEND—-AQXSR—–PROD VOL—SQXSR

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