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jessa1200
Nov 3, 2007, 08:38 PM
Can anyone tell me how do you find Price, rate, volume, and controllable variance?
jessa1200
Nov 4, 2007, 08:02 AM
Nevermind I found the answer in case anyone else every needs help on the question:
Volume Variance:
Expected Normal Capacity (at 100%)
Standard for Actual Activity
Unused /Idle capacity
X Fixed Rate per hour
Overhead Volume Variance

Controllable Variance:
Actual Variable Costs
- Flexible Budget for Variable
= Overhead Controllable Variance

Rate Variance = Variance in Rate x Actual Time

Price Variance = Variance in Price x Actual Quantity