STANDARD COSTING FLOWCHART BY CA RAKESH AGRAWAL

MATERIAL COST VARIANCE LABOUR COST VARIANCE VARIABLE OH COST VARIANCE

Material Cost Variance Labour Cost Variance Variable OH Cost Variance

(SQ X SP) – (AQ X AP) (SH X SR) – (AH paid X AR) (SRR/unit X Actual Output)–Actual OH

Price Usage Rate Variance Efficiency

Variance Variance AH Paid X Variance Expenditure Efficiency
AQ X(SP - AP) SP X(SQ - AQ) SR X Variance Variance
(SR - AR)
(SH – AH Paid) (SRR/hr. X SRR/hr. X
Actual Hrs.) – (SH - AH)
Actual OH

Mix Variance Sub - Usage Idle Time Mix/Gang Sub -

SP X Variance Variance Variance Efficiency
(SM - AM) SP X SR X SR X (SM -*AM) Variance
(SQ - SM) (AH Paid – AM=AH worked SR X
AH Worked) (SH - SM)

FIXED OH COST VARIANCE

Mrs. Joshi’s Accounting Best of Luck
Fixed OH Cost Variance
(SRR/Unit X Actual Output) – Actual OH Academy
4th Floor, Prestige Point,
Expenditure Volume Variance Shukrawar Peth, Pune
Variance SRR/unit X
Bud. OH – Actual OH (BO - AO) 020 - 24433283, 98233 96193
Website :
www.carakeshagrawal.in
Calendar Capacity Efficiency
Variance Variance Variance
SRR/day X SRR/hr. X Note : Video lectures are
SRR/hr. X
(Bud. w. days – (BH for Actual available on Pendrive for sale.
Actual w. days) (SH - AH)
W. days - AH)
CA RAKESH V. AGRAWAL