Question: How is this solved for or computed especially for the Budgeted/Standard Hours or Quantity and Budgeted/Standard Rate? Milestone Three - Variance Analysis Data for Variance
How is this solved for or computed especially for the Budgeted/Standard Hours or Quantity and Budgeted/Standard Rate?

Milestone Three - Variance Analysis Data for Variance Analysis: Budgeted Budgeted Actual Actual (Standard) (Standard) Hours/Qty Rate Hours/Qty Rate Labor Materials Variances for Collar Sales Favorable/ Variance Unfavorable Direct Labor Time Variance (Actual Hours - Standard Hours) x Standard Rate Direct Labor Rate Variance (Actual Rate - Standard Rate) x Actual Hours Direct Materials Quantity/Efficiency Variance (Actual Quantity - Standard Quantity) x Standard Price Direct Materials Price Variance (Actual Price - Standard Price) x Actual Quantity S
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