Standard Costing Variances

Topics: Variance, Cost Pages: 8 (344 words) Published: January 22, 2013
STANDARD COSTING VARIANCES
Materials
Actual Production
X
X
X
Vs.
Standard Usage
Standard Price
Actual Usage

Actual Production
X
X
X
Vs.
Standard Usage
Standard Price
Actual Usage

Actual Price
Actual Price
Total Variance

Actual Production
X
X
X
Vs.
Standard Price
Actual Usage

Actual Usage

Actual Production
X
X
X
Vs.
Standard Price
Actual Usage

Actual Usage

Price Variance

Actual Price
Actual Price

Standard Price
Standard Price
Actual Usage

Actual Usage

Standard Usage
Standard Usage
Standard Price
Standard Price
Actual Production
Actual Production
X
X
X
X
X
X
Vs.
Vs.
Usage Variance

Labour
Actual Production
X
X
X
Vs.
Standard Hours
Standard Rate
Actual Hours

Actual Rate

Actual Production
X
X
X
Vs.
Standard Hours
Standard Rate
Actual Hours

Actual Rate

Total Variance

Actual Hours

Actual Hours

X
X
Standard Rate
Standard Rate
Rate Variance
Actual Production
Actual Production
X
X
Vs.
Vs.

X
X
Actual Hours

Actual Hours

Actual Rate

Actual Rate

Idle Time Variance
Standard Rate
Standard Rate
X
X
Idle Hours

Idle Hours

Standard Hours
Standard Hours

Standard Rate
Standard Rate
X
X
Efficiency Variance
Actual Production
Actual Production
X
X
Vs.
Vs.

Actual Hours – Idle Hours

Actual Hours – Idle Hours

Standard Rate
Standard Rate
X
X

Actual Production
X
X
Vs.
Standard Hours
Actual Fixed Overheads
Standard Absorption Rate

Actual Production
X
X
Vs.
Standard Hours
Actual Fixed Overheads
Standard Absorption Rate

Fixed Overheads
Total Variance

Budgeted Fixed Overheads

Budgeted Fixed Overheads

Vs.
Vs.
Actual Fixed Overheads
Actual Fixed Overheads
Expenditure Variance

Standard Absorption Rate
X
X
X
Vs.
Budgeted Production
Actual Production

Standard Hours
Standard Hours
Standard Absorption Rate
X
X
X
Vs.
Budgeted Production
Actual Production

Standard Hours
Standard Hours
Volume Variance

Standard Absorption Rate
X
X
X
Vs.
Actual Production

Standard Hours
Actual Hours
Actual Production

Standard Absorption Rate
X
X
X
Vs.
Actual Production

Standard Hours
Actual Hours
Actual Production

Efficiency Variance

X
X
Vs.
X
X
Vs.
Actual Production

Actual Production

Actual Hours
Actual Hours

Capacity Variance
Standard Absorption Rate
Standard Absorption Rate
X
X

Budgeted Production
Budgeted Production
Standard Hours
Standard Hours
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