Variance Analysis Flashcards
1
Q
How do you calculate sales margin price variance?
A
(Actual Sales Price - Budgeted Sales Price) x Actual Quantity
2
Q
How do you calculate sales margin quantity variance?
A
(Actual Quantity - Budgeted Quantity) x Budgeted Sales Price
3
Q
How do you calculate mix variance?
A
(Actual Mix - Budgeted Mix) x Total Actual Quantity x Budgeted Sales Price
4
Q
How do you calculate sales margin variance?
A
(Total Actual Quantity - Budgeted Actual Quantity) x Budgeted Mix x Budgeted Sales Price
5
Q
How do you calculate yield variance?
A
(Budgeted Quantity - Actual Quantity with Standard Mix) x Budgeted Price
6
Q
A
