Flexible Budget Variances (Fixed & Variable Overhead, Controllable & Uncontrollable Variances, Etc.)
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Flexible Budget & Standard Costing
Flexible Budget & Standard Costing for Manufacturing Variable & Fixed Overhead variances as controllable & uncontrollable variances, (Based on Standard Costing with a Flexible Budget), setting up the formulas based on actual costs, flexible budget & static (standard) costs used to calculate the variances, (A) Variable Overhead spending variance & efficiency variances, (1) spending variance = (actual variable OVHD cost - (std. OVHD rate x actual hours used)), (2) efficiency variance = ((actual hours used - std. hours allowed) x std. rate), (B) Fixed Overhead spending variance & volume variances, (1) spending variance = (actual Fixed OVHD cost - (std. OVHD rate x total direct labor hrs. budgeted)), (2) volume variance = ((total direct labor hrs. budgeted - std. hours allowed) x std. rate), (C) Controllable variance = Spending variance (VOH + FOH) + VOH Efficiency variance, Uncontrollable variance = Production Volume variance, compare (1) Budgeted Fixed OVH + Actual Variable OVHD & (2) Budgeted Fixed OVHD + Std. Variable OVHD, example based on T-accounts with associated equations, detailed by Allen Mursau
11 سال پیش
در تاریخ 1392/10/29 منتشر شده
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