Variance Analysis Flashcards by Kelly Horgan

Q

LEV

A

Sr(ah-sh)

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Q

LRV

A

AH (AR-SR)

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Q

MPV

A

AQ(AP-SP)

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Q

MQV

A

SP(AQ-SQ)

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Q

Variable overhead spending variance

A

AH( AR-SR)

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Q

Variable overhead efficiency variance

A

SR(AH-SH)

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Q

Fixed overhead applied

A

FR x SR

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Q

POHR

A

Standard / standard
Or
Applied / standard

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Q

Applied overhead costs

A

Standard hrs x predetermined rate

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