Variance Equations Flashcards
Planning Variance
(ATS-STS) x SCM
Static Budget Variance
Actual Income - Static Budget Income
Flexible Budget Variance
Actual Income - Flexible Budget Income
Selling Price Variance
(ASP-SSP) x AS
DM Price Variance
(AP-SP) x AQ(actual # items per unit x AS)
DM Quantity Variance
(AQ-SQa) x SP
(SQa = standard # items per unit x AS)
DL Rate Variance
(AR-SR) x AH (actual hours per unit x AS)
DL Efficiency Variance
(AH-SHa) x SR
(SHa=standard hours per unit x AS)
VOH Rate Variance
(AR-SR) x AV (actual volume per unit x AS)
VOH Efficiency Variance
(AV-SVa) x SR
(SVa=standard volume per unit x AS)
Fixed Overhead Variance: Spending Variance
AFO - SFO
Fixed Selling & Admin Variance: Spending Variance
AFS - SFS
Sales Mix Variance
(AWi-SWi) x ATS x SCMi
Sales Quantity Variance
(ATS-STS) x SWi x SCMi
Market Size Variance
(AMSZ-SMSZ) x SMSH x WACM
(SMSH = STS / SMSZ)