Flashcards
Variance Formulas
Cards in this deck (11)
- 1Direct Materials Price Variance At Point of PurchasePQ (AP - SP)
- 2Direct Materials Price Variance Using Quantity of Materials Used in ProductionAQ (AP-SP)
- 3DIRECT MATERIAL QUANTITY VARIANCESP (AQ-SQ)
- 4DIRECT LABOUR RATE VARIANCEAH (AR-SR)
- 5DIRECT LABOUR EFFICIENCY VARIANCESR (AH-SH)
- 6SALES PRICE VARIANCE(Actual SP - Budgeted SP) x Actual Sales Volume
- 7Sales Volume Variance(Actual Sales Vol. - Budgeted Sales Vol. ) x Budgeted CM
- 8Variable Overhead Spending VarianceActual Variable Overhead - (AH x SVR)
- 9Variable Overhead Efficiency VarianceSVR (AH-SH)
- 10Return on InvestmentProfit / Invested Capital
- 11Residual IncomeProfit (Investment Capital x Imputed Interest Rate)
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- Description
- Flashcards on Variance Formulas , created by Sarah Cunningham8551 on 06/06/2015.
- Created by
- Sarah Cunningham8551 · Jun 2015
- Updated
- Feb 3, 2018
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