Variances Flashcards
1
Q
Sales Price Variance Formula?
A
AQ * AP
AQ * SP
2
Q
Sales Volume Variance Formula?
A
AQ * SM
SQ * SM
3
Q
MPV Formula?
A
AQ * AP
AQ * SP
4
Q
MUV Formula?
A
AQ * SP
SQ * SP
5
Q
LRV Formula?
A
AH * AR
AH * SR
6
Q
LEV Formula?
A
AH * SR
SH * SR
7
Q
How to calculate Operational and Planning Variances
A
AQ * AP
AQ * RSP
AQ * SP
8
Q
Material Mix Variance Calculation
A
AQ * AP
AM * SM
Difference (2 - 1)
Std Cost
Variance
9
Q
Material Yield Variance Calculation
A
AQ * SQ (Same as Column 2 Mix)
SQ (Units) * SM
Difference (2 - 1)
Std Cost
Variance
