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acct - Labor Efficiency Variance(Actual Hours X Standard...

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VARIANCES Net Income Variance Budgeted Net Income – Actual Net Income Quantity Sold Variance (Actual Unit Sales – Budgeted Unit Sales) X Budgeted Contribution Margin Per Unit Selling Price Variance (Actual Selling Price – Budgeted Selling Price) X Actual Units Sold Materials Price Variance (Actual Quantity X Actual Price) – (Actual Quantity X Standard Price) Materials Usage Variance (Actual Quantity X Standard Price) – (Standard Quantity Allowed X Standard Price) Labor Rate Variance (Actual Hours X Actual Rate) – (Actual Hours X Standard Rate)
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Unformatted text preview: Labor Efficiency Variance (Actual Hours X Standard Rate) – (Standard Hours Allowed X Standard Rate) Overhead Spending Variance Actual Cost Incurred – (Actual Hours X Standard Rate) Overhead Efficiency Variance (Actual Hours X Standard Rate) – (Standard Hours Allowed X Standard Rate) Fixed Overhead Budget Variance Actual Cost Incurred – Budgeted Fixed Overhead Cost Fixed Overhead Volume Variance Budgeted Fixed Overhead Cost – (Standard Hours Allowed X Standard Rate)...
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