Week 5 formulas Flashcards
1
Q
Volume variance
A
Volume variance = (quantity(a) - quantity(b)) x resource usage x resource price
2
Q
Usage variance
A
Usage variance = quantity x (resource usage(a) - resource usage(b)) x resource price
3
Q
Price variance
A
Price variance = quantity x resource usage x (resource price(a) x resource price(b))
4
Q
Static budget variance
A
Static budget variance = OI(a) - OI(b)
5
Q
Sales quantity variance
A
Sales quantity variance = (quantity(a) - quantity(b)) x WUCM
