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8 Cards in this Set
- Front
- Back
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Materials price variance
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AQ (AP - SP)
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Labor rate variance
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AH (AR - SR)
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Variable overhead spending variance
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AH (AR - SR)
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Materials quantity variance
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(AQ - SQ) SP
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Labor efficiency variance
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(AH - SH) SR
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Variable overhead efficiency variance
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(AH - SH) SR
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Fixed overhead budget variance --
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Actual fixed overhead cost - budgeted fixed overhead cost
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Fixed overhead volume variance --
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Fixed portion of predetermined overhead rate X (denominator hours - SH)
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