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ACCA F2 Equations - Budget Variances

ACCA F2 Equations - Budget Variances

Last update 

ACCA F2 - Budgeting Variance Equations

Items (16)

  • Sales Price Variance =

    Actual Revenue - Expected Revenue (actual units @ SCC)

  • Sales Volume Variance =

    Actual Sales Vol. - Budgeted Sales Vol. valued at SCC Profit/unit

  • Materials Price Variance =

    Budgeted Material Cost (materials purchased @ SCC) - Actual Material Cost

  • Materials Usage Variance =

    Budgeted Material Usage (units produced @ SSC usage/unit) - Actual Material Usage. valued at SCC

  • Total Material Variance =

    Budgeted Output Cost (Actual units @ SCC) - Actual Output Cost

  • Labour Rate Variance =

    Budgeted Labour Cost (hrs paid @ SCC) - Actual Labour Cost

  • Labour Efficiency Variance =

    Budgeted Labour Hours (actual units @ SCC) - Actuals Hours. valued at SCC cost/hr)

  • Total Labour Variance =

    Budgeted Labour Cost (actual units @ SCC) - Actual Labour Cost

  • Variable Overhead Expenditure Variance =

    Budgeted Variable O/H (actual hours @ SCC) - Actual Cost

  • Variable Overhead Efficiency Variance =

    Budgeted Labour Hours (actual units @ SCC time/unit) - Actual Labour Hours. Valued at SCC Variable O/H Cost/hr

  • Total Variable Overhead Variance =

    Budgeted Variable Overhead (actual units @ SCC/unit) - Actual Variable Overhead

  • Fixed Overhead Expenditure Variance =

    Budgeted Fixed Overhead cost (budgeted units @ SCC) - Actual Fixed Overhead cost

  • Fixed Overhead Volume Variance =

    Actual Production - Budgeted Production. valued at SCC cost/unit

  • Fixed Overhead Capacity Variance =

    Actual Labour Hours - Budgeted Labour Hours (budgeted units @ SCC hrs/unit). valued at SCC cost/hour

  • Fixed Overhead Efficiency Variance =

    Budgeted Labour Hours (actual units @ SCC hours/unit) - Actual Labour Hours. valued @ SCC cost/Hour

  • Total Fixed Overhead Variance =

    Budgeted Fixed Overhead Cost (actual units @ SCC cost/unit) - Actual Fixed Overhead Cost