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