Session 19 Appendix - Session 19 Appendix Hierarchy of...

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Session 19 Appendix
Flex Bud Cost – Static Bud Cost (AO x SI x SP) – (EO x SI x SP) = (AO - EO) x (SI x SP) Actual Cost – Flex Budget Cost (AO x AI x AP) – (AO x SI x SP) = [(AI x AP) - (SI x SP)] x AO Volume Variances Flexible Budget Variances Actual Cost – Static Budget Cost (AO x AI x AP) - (EO x SI x SP) Static Budget Variances Hierarchy of Variances for Variable Costs Actual Cost – Tot Act Input @ Std Price (AO x AI x AP) – (AO x AI x SP) = [(AP - SP) x AI] x AO Price / Spending Variances

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