CH 9 Formulas - – Flexible Budget 10 Total Spending Variance =(budgeted total fixed manufacturing overhead at normal capacity(actual labor hours

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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
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Unformatted text preview: – Flexible Budget 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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This note was uploaded on 11/09/2011 for the course ACCT 3337 taught by Professor Staff during the Fall '08 term at University of Houston.

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