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11 Cards in this Set
- Front
- Back
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Budgeted FOH cost per unit of CAB =
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Budgeted total costs in FOH cost pool / Budgeted Total Q of CAB
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Budgeted FOH cost per output unit =
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budgeted Q of CAB allowed per output unit X budgeted FOH cost per unit of CAB
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VOH flexible budget variance =
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actual costs + flexible budget amount
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FOH flexible budget variance= FOH spending Variance = |
actual costs incurred - flexible budget amount
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Price variance for DM =
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(actual price of input - budg. price of income) X Actual Q of input
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Efficiency variance =
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(actual quantity of input used - Budg. amnt of inout allowed for actual output) X budgeted price of input
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Under VOH, Flexible Budget Variance =
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=Spending variance + Efficiency Variance =Total Variable overhead variance |
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Under FOH, Flexible budget variance =
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Spending Variance
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Under FOH, Total FOH variance =
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Flexible Budget Variance + Production Volume Variance
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3 title fors FOH
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-Actual costs incurred -Flexible Buget/Static Budget/lump sum -Allocated: budgeted input Q allowed based on actual output X Budgeted rate |
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3 titles for VOH
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-Actual Costs/ ACtual Input Q X Actual rate -Actual Input Q X budgeted rate -Flexible Budget: Budgeted input Q allowed for actual output X budgeted rate |
