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    jessa1200 Posts: 13, Reputation: 1
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    #1

    Nov 3, 2007, 08:38 PM
    Variances
    Can anyone tell me how do you find Price, rate, volume, and controllable variance?
    jessa1200's Avatar
    jessa1200 Posts: 13, Reputation: 1
    New Member
    		  
    #2

    Nov 4, 2007, 09:02 AM
    Never mind 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
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