Chapter 12.5 - Advances variances Flashcards Preview

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Flashcards in Chapter 12.5 - Advances variances Deck (11)
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1

What are the three rows to calculate the material mix and yield variances?

AQAM
AQSM
SQSM

2

How do you calculate the material mix variance?

(AQAM - AQSM) x Standard price

3

How do you calculate the material yield variance?

(AQSM - SQSM) x Standard price

4

What is the operational and planning variance table?

Actual Quantity X Actual Price

Actual Quantity X Revised Standard Price

Revised Standard Quantity X Revised Standard Price

Revised Standard Quantity x Standard Price

Standard Quantity X Standard Price

5

What is the Material operational price variance?

Actual Quantity X Actual Price

Actual Quantity X Revised Standard Price

6

What is the Material operational usage variance?

Actual Quantity X Revised Standard Price

Revised Standard Quantity X Revised Standard Price

7

What is the Material planning price variance?

Revised Standard Quantity X Revised Standard Price

Revised standard quantity X Standard price

8

What is the Material planning usage variance?

Revised standard quantity X Standard price

Standard quantity X Standard price

9

What is the sales operational and planning variance table?

Actual Quantity X Standard Profit/Contribution

Revised Budgeted Quantity X Standard Profit/Contribution

Budgeted Quantity X Standard Profit/Contribution

10

What is the sales volume operational variance?

Actual Quantity X Standard Profit/Contribution

Revised Budgeted Quantity X Standard Profit/Contribution

11

What is the sales volume planning variance?

Revised Budgeted Quantity X Standard Profit/Contribution

Budgeted Quantity X Standard Profit/Contribution