Chapter%209%20Formulas - 10. Total Spending Variance =...

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Formula Sheet 1. MPV = (AP – SP) * AQ 2. MUV = (AQ – SQ) * SP 3. LRV = (AR – SR) * AH 4. LEV = (AH – SH) * SR 5. Variable Overhead Spending Variance = (AVOR – SVOR) * AH 6. Variable Overhead Efficiency Variance = (AH – SH) * SVOR 7. Fixed Overhead Spending Variance = AFOH – BFOH 8. Fixed Overhead Volume Variance = Budgeted Fixed Manufacturing Overhead – Applied Fixed Manufacturing Overhead Or Volume Variance = Flexible Budget – Applied Manufacturing Overhead 9. Budget Variance = Total Spending Variance + Efficiency Variance Or Actual Manufacturing Overhead – Flexible Budget
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Unformatted text preview: 10. Total Spending Variance = ((budgeted total fixed manufacturing overhead at normal capacity + (actual labor hours used * standard variable overhead rate per hour)) total actual manufacturing overhead costs. 11. Flexible Manufacturing Overhead Budget = standard fixed manufacturing overhead + standard variable manufacturing overhead rate (actual units produced or standard direct labor hours) 12. Mixed Variance = (AQ i SM i ) * SP i 13. Yield Variance = ( Standard Yield Actual Yield) * SP y...
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Chapter%209%20Formulas - 10. Total Spending Variance =...

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