Formulas for Calculating Standard Cost Variances (1)

Formulas for Calculating Standard Cost Variances (1) -...

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AC 206 – Managerial Accounting Formulas for Calculating Standard Cost Variances Quantity Variance (Std Quantity – Actual Quantity) X Std Price Price Variance (Std Price – Actual Price) X Actual Quantity These are the same for Labor and Material Formulas for Variable Overhead Variances
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Unformatted text preview: Spending Variance (Std Rate – Actual Rate) Actual Quantity Efficiency Variance (Std Qty – Actual Qty) Std Rate The actual rate in the spending variance is arrived at by dividing the actual variable overhead incurred by the actual quantity....
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This note was uploaded on 03/07/2012 for the course ACCT 206 taught by Professor Jamescruz during the Spring '12 term at Boise State.

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