Cost and Material Variance Price Variance Quantity Variance Total Variance Price Variance Alternative Method Quantity Variance Total Variance SO AP 85 100 AQ 100 1 $ 110 1,500 1,350 900 1,100 1,000 900 500 600 550 Labor Variance (Rate) Rate Variance (Hours) Efficiency Variance Total Variance Price Variance Alternative Method Quantity Variance Total Variance SH AH 95 100 50 20 15 10 $100.00 90.00 100.00 50.00 20.00 25.00 105 100 45 22 13 SR S 95.00 110.00 75.00 45.00 18.00 20.00 6 Overhead Cost Variances Actual total overhead = Standard overhead variance = Overhead cost variance = Budgeted fixed overhead (at predicted capacity) - Applied fixed overhead = Volume variance = Controllable variance = Cost and Material Variance Price Variance Quantity Variance Total Variance Price Variance Alternative Method Quantity Variance Total Variance SO AP 85 100 AQ 100 1 $ 110 1,500 1,350 900 1,100 1,000 900 500 600 550 Labor Variance (Rate) Rate Variance (Hours) Efficiency Variance Total Variance Price Variance Alternative Method Quantity Variance Total Variance SH AH 95 100 50 20 15 10 $100.00 90.00 100.00 50.00 20.00 25.00 105 100 45 22 13 SR S 95.00 110.00 75.00 45.00 18.00 20.00 6 Overhead Cost Variances Actual total overhead = Standard overhead variance = Overhead cost variance = Budgeted fixed overhead (at predicted capacity) - Applied fixed overhead = Volume variance = Controllable variance =