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  • Standar Costing Foh Variance

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    26Rizqy Fathur Rahman
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    This document discusses standard costing and fixed overhead variances. There are four main variances discussed: 1) controllable overhead variance, which is the difference between actual fixed overhead and the budgeted allowed fixed overhead based on actual hours. 2) Volume variance, which is the difference between the budgeted allowed fixed overhead based on actual hours and the budgeted allowed fixed overhead based on standard hours. 3) Capacity or idle time variance, which is the difference between the budgeted allowed fixed overhead based on standard hours and the actual fixed overhead charged to work in process at standard hours.

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    Actual Foh

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    This document discusses standard costing and fixed overhead variances. There are four main variances discussed: 1) controllable overhead variance, which is the difference between actual fixed overhead and the budgeted allowed fixed overhead based on actual hours. 2) Volume variance, which is the difference between the budgeted allowed fixed overhead based on actual hours and the budgeted allowed fixed overhead based on standard hours. 3) Capacity or idle time variance, which is the difference between the budgeted allowed fixed overhead based on standard hours and the actual fixed overhead charged to work in process at standard hours.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    2 views1 page

    Standar Costing Foh Variance

    Uploaded by

    26Rizqy Fathur Rahman
    This document discusses standard costing and fixed overhead variances. There are four main variances discussed: 1) controllable overhead variance, which is the difference between actual fixed overhead and the budgeted allowed fixed overhead based on actual hours. 2) Volume variance, which is the difference between the budgeted allowed fixed overhead based on actual hours and the budgeted allowed fixed overhead based on standard hours. 3) Capacity or idle time variance, which is the difference between the budgeted allowed fixed overhead based on standard hours and the actual fixed overhead charged to work in process at standard hours.

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    © All Rights Reserved
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    of 1

    STANDAR COSTING

    FOH VARIANCE

    2 VAR
    Overhead Controllable variance Overhead Volume variance

    Actual FOH - Budgeted Allowed on Actual Budgeted All. On Actual – Budgeted All. On Standard –
    Budgeted All. On Standard FOH charge to WIP

    Variable efficiency Overhead Volume variance


    Spending variance 3 VAR
    variance

    Idle capacity Fixed efficiency


    Spending variance Variable efficiency
    variance variance
    variance 4 VAR

    Efficiency
    variance

    Actual FOH Budget Allowed Budget Allowed Budget Allowed FOH Chargeable to
    Alternative
    on Actual Hours on Standar Hours on Standar Hours WIP at Standard
    3 Var
    (full capacity) (normal capacity)

    Fixed Overhead = Sp X Aq Fixed Overhead = Sp X Aq (Normal


    Fixed Overhead = Ap X Aq Fixed Overhead = Budget Fixed Overhead = Sp X All.q
    (Full Capacity) Capacity)
    Variable Overhead = Ap X Aq Variable Overhead = Sp X Aq Variable Overhead = Sp X All.q
    Variable Overhead = Sp X Variable Overhead = Sp X All.q
    All.q

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