Milestone Three - Variance Analysis
Data for Variance Analysis:
	Budgeted (Standard) Hours/Qty	Budgeted (Standard) Rate	Actual Hours/Qty	Actual Rate
Labor
Materials
Variances for Collar Sales
			Variance	Favorable/ 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		$ -