MAS - Standard Costing

Formula:
Sales Variance
- Actual
- AQxBP (Match)
- AQxBP (Mix)
- AQ x Market Share x Weighted BP
- Standard
Formula:
Materials Variance
- Actual
- AQxBP
- Standard
Formula:
Labor Variance
- Actual
- AQxBP
- Standard
Formula:
Materials/ Labor Variance
- Actual
- AQxBP (Match)
- AQxBP (Mix)
- Standard
Formula:
Three-Way Variance
- Actual
- BAAH
- BASH
- Standard
Formula:
Four-Way Variance by separating Spending Variance
- Separate Spending Variance (Actual-BASH; into:
- Fixed Spending
- Variable Spending
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
Formula:
Two Factor GP Variance
- Actual
- AQxBP
- Standard
Formula:
Four Factor GP Variance with mix
- Price:
- Cost:
- Quantity: use GP Rate, mix
- Sales mix: use GP Rate
Idle Capacity Variance
- Fixed
- (Normal-Actual hrs)x Standard rate
Fixed Efficiency Variance

(Actual-Standard hrs)x Standard rate

Author

jninebg

228928

Card Set

MAS - Standard Costing

Description

Variance analysis

Updated

2013-08-02T07:47:31Z

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