MAS - Standard Costing

Card Set Information

Author:
jninebg
ID:
228928
Filename:
MAS - Standard Costing
Updated:
2013-08-02 03:47:31
Tags:
MAS
Folders:

Description:
Variance analysis
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user jninebg on FreezingBlue Flashcards. What would you like to do?


  1. Formula:
    Sales Variance
    • Actual
    •    AQxBP (Match)
    •    AQxBP (Mix)
    •    AQ x Market Share x Weighted BP
    • Standard
  2. Formula:
    Materials Variance
    • Actual
    • AQxBP
    • Standard
  3. Formula:
    Labor Variance
    • Actual
    • AQxBP
    • Standard
  4. Formula:
    Materials/ Labor Variance
    • Actual
    •    AQxBP (Match)
    •    AQxBP (Mix)
    • Standard
  5. Formula:
    Three-Way Variance
    • Actual
    • BAAH
    • BASH
    • Standard
  6. Formula:
    Four-Way Variance by separating Spending Variance
    • Separate Spending Variance (Actual-BASH; into:
    • Fixed Spending
    • Variable Spending
  7. Formula:
    Three Factor GP Variance
    • Price: Change in price x Base quantity
    • Quantity: Change in quantity x Base price
    • Price Quantity: Change in price x Change in quantity
  8. Formula:
    Two Factor GP Variance
    • Actual
    •    AQxBP
    • Standard
  9. Formula:
    Four Factor GP Variance with mix
    • Price:
    • Cost:
    • Quantity: use GP Rate, mix
    • Sales mix: use GP Rate
  10. Idle Capacity Variance
    • Fixed
    • (Normal-Actual hrs)x Standard rate
  11. Fixed Efficiency Variance
    (Actual-Standard hrs)x Standard rate

What would you like to do?

Home > Flashcards > Print Preview