Beruflich Dokumente
Kultur Dokumente
Formulas:
Learning Objective of the article:
1. Learn the formulas to calculate direct materials, direct labor and factory
overhead variances.
This is a collection of variance formulas / equations which can help you calculate
variances for direct materials, direct labor, and factory overhead.
*Fixed overhead budgeted + Standard hours allowed × Standard variable overhead rate
***Fixed overhead budgeted + Actual hours worked × Standard variable overhead rate