Sales Volume Variance

(Actual units sold - Budgeted units sold) x Budgeted price per unit
= Sales volume variance

Labor Rate Variance

(Actual rate - Standard rate) x Actual hours worked = Labor rate variance

Direct Material Quantity Variance

(SQ AQ) SP

Variable Overhead Spending Variance

Actual hours worked x (Actual overhead rate - standard overhead rate)
= Variable overhead spending variance

Fixed Overhead Spending Variance

Actual fixed overhead - Budgeted fixed overhead = Fixed overhead spending variance