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    kim oanh
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    The document contains formulas for calculating material price variance (MPV), material quantity variance (MQV), labor rate variance (LRV), and labor efficiency variance (LEV) as well as defining formulas for calculating flexible budget variance and volume variance for flexible overhead (FMO).

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    The document contains formulas for calculating material price variance (MPV), material quantity variance (MQV), labor rate variance (LRV), and labor efficiency variance (LEV) as well as defining formulas for calculating flexible budget variance and volume variance for flexible overhead (FMO).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    Công TH C

    Uploaded by

    kim oanh
    The document contains formulas for calculating material price variance (MPV), material quantity variance (MQV), labor rate variance (LRV), and labor efficiency variance (LEV) as well as defining formulas for calculating flexible budget variance and volume variance for flexible overhead (FMO).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MPV = AQ × (AP – SP)

    MQV = SP × (AQ – SQ)

    LRV = AH × (AR – SR)


    LEV = SR × (AH – SH)

    FMO budget variance = Actual FMO – Budgeted FMO


    FMO volume variance = Bugeted FMO – Applied FMO

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