XVI.+Formulas+and+Explanations


 * **Unit Standard Cost =** Standard Price x Standard Quantity


 * **Direct Labor Rate Variance:** LRV = (AR x AH) - (SR x AH)


 * **Direct Labor Efficiency Variance**__:__ LEV = (AH x SR) - (SH x SR)


 * **Direct Material Price Variance:** MPV = (AP x AQ) - (SP x AQ)


 * **Direct Material Usage Variance**__:__ MUV = (SP x AQ) - (SP x SQ)


 * **Total Budget Variance =** (Actual Price x Actual Quantity) - (Standard Price x Standard Quantity)


 * **Mix Variance =** E (AQi - SMi) SPi


 * **Yield Variance =** (Standard yield - Actual yield)SPy