BEC Variance Analysis

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    Topic
  • #2832057
    Wingdings
    Participant

    Hi Everyone,

    I’m wondering if anyone has a tried and true mnemonic for remembering the variance analysis formulas?

    Thnaks!

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  • #2832288
    hamcpa2018
    Participant

    S – A = Difference

    P($) D x A quantity purchased
    U(q) D x S price
    R($) D x A hrs
    E(hrs) D x S Wage rate

    Example: for material price variance
    Standard price ($) – Actual Price ($) = Difference x A (A)ctual quantity purchased.

    Continue as noted.

    Came in super helpful today during exam. No problem with variances on today's test.

    Ever been so frustrated you skipped anger and went straight to laughing like a lunatic...........
    #2833023
    Wingdings
    Participant

    This is perfect! Thank you so much!

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