Growth Component

Revenue Effect of growth component (Quantity Factor)

Actual units of output sold for the current year
Less: Actual units of output sold for the previous year
Increase (Decrease)
Multiply by: Output price for the previous year
Favorable (Unfavorable)

Cost effect of growth component

Actual units of input or capacity that would have been used
to produce current year's output assuming the same input-output
relationship that existed for the previous year
Less: Actual units of inputs or capacity to produce previous
year's output
Increase (Decrease)
Multiply by: Input prices for the previous year
(Favorable) Unfavorable

1 Sub-total

Price-Recovery Component

Revenue Effect of price-recovery component (Price Factor)

Output price for the current year
Less: Output price for the previous year
Increase (Decrease)
Multiply by: Actual units of output sold for the current year
Favorable (Unfavorable)

Cost effect of growth component

Input prices for the current year
Less: Input prices for the previous year
Increase (Decrease)
Multiply by: Actual units of input or capacity that would have been used
to produce current year's output assuming the same input-output
relationship that existed for the previous year
(Favorable) Unfavorable

2 Sub-total

Productivity Component

Actual units of inputs or capacity used to produce current year's output

Less: Actual units of input or capacity that would have been used
to produce current year's output assuming the same input-output
relationship that existed for the previous year
Increase (Decrease)
Multiply by: Input prices for the previous year
(Favorable) Unfavorable

3 Sub-total

Summary
1 Growth component
2 Price-recovery component
3 Productivity component
Grand total
This should tally with the total increase or decrease on the net operating income of the company.