Module+15000+XVI+Formulas

XVI. Module 15000 Formulas ajh


 * __Direct Labor Efficiency Variance (LEV)__** = **(AH X SR) - (SH X SR)**


 * __Direct Labor Rate Variance (LRV)__** = **(AR X AH) - (SR X AH)**


 * __Direct Materials Usage Variance (MUV)__** = **(AQ – SQ)SP**


 * __Direct Materials Price Variance (MPV)__ =** **(AP – SP) AQ**


 * __Standard Cost__** = **SP X SQ**


 * __Standard Hours Allowed__** = **Standard Labor X Actual Output**


 * __Standard Price__ =** **Total DM + Total DL + Total OH**


 * __Standard Quantities Allowed__** = **SQ X SH**


 * __Standard Quantity (SQ)__** **= Unit Standard Labor X Actual Output**


 * __Standard Quantity of Materials Allowed__** **= SQ X AQ**


 * __Total Budget Variance__** – **(AP X AQ) – (SP X SQ)**

Cornerstones of Cost Accounting, 1st Edition, 2011. Don R. Hansen - Oklahoma State University and Maryanne M. Mowen - Oklahoma State University. []