1
Q
Materials Price=
A
Actual Kg x budgeted price p/u-actual costs
2
Q
Materials Usage
A
(Actual Units x KG p/u-Actual Material used) x Standard Material Price
3
Q
Labour Rate
A
Labour hours worked x Standard Rate- Actual Cost of Labour
4
Q
Labour Efficiency
A
(Units x Hour p/u-hours worked)xStandard Rate
5
Q
Variable Overhead Rate
A
Variable Overhead P/U x Units-actual variable overhead
6
Q
Variable Overhead Efficiency
A
(Hours p/u x actual units- actual hours worked) x Standard Variable Overhead
7
Q
Fixed Overhead Expenditure Variance
A
Fixed Overhead p/u x unit-actual fixed overhead
8
Q
Sales Price
A
Actual Sales units x standard price-actual revenue
9
Q
Sales Volume
A
(Budgeted Sales units-actual sales units) x standard price
ACA MI
flashcards
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