February 18, 2020, 01:07:08 am

Standard Costing Formula

Started by TechShristi, May 12, 2013, 06:39:19 am

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TechShristi

1.   Fixed Overhead Cost Variance:
Standard Fixed Overheads for Actual Production - Actual Fixed Overheads.

2.   Fixed Overhead Expenditure Variance:
Budgeted Fixed Overheads - Actual Fixed Overheads

3.   Fixed Overhead Volume Variance:
Standard Rate [Budgeted Quantity - Actual Quantity

4.   Fixed Overhead Efficiency Variance:
Standard Rate [Standard Production - Actual Production]

5.   Fixed Overheads Capacity Variance:
Standard Rate [Standard Quantity - Budgeted Quantity]

6.   Fixed Overhead Revised Capacity Variance :
Standard Rate [Standard Quantity - Revised Budgeted Quantity]

7.   Fixed  Overheads  Calendar  Variance
Standard Rate [Budgeted Quantity - Revised Budgeted Quantity]

8.   Variable Overhead Cost Variance
Standard Variable Overheads for Actual Production - Actual Variable Overheads.

9.   Variable Overhead Expenditure Variance:
Standard Variable Overheads for Standard Production - Actual Variable Overheads.
   
10.   Variable Overheads Efficiency Variance:
Standard Rate [Standard Quantity - Actual Quantity]

TechShristi


TechShristi

Hello admin123,  May 12, 2013, 6:39 am

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