Cost accounting-standard costing
This query is : Resolved
09 June 2016
sir,,, What is the relationship between Expenditure Variance, Efficiency Variance and Capacity Variance???
Guest
Guest
(Expert)
09 June 2016
Fixed OH Cost Variance is divided in two Parts:
1]Volume Variance &
2]Expenditure Variance (Simply Budgeted OH - Actual OH) ->Kitne exp lagne the & tumne kitne lagaye?
(less actual exp is better i.e favourable)
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Volume Variance ( Output based ) divided in 3 parts:
1]Calendar Variance (Jyada din kaam kiya toh achha)
2]Capacity Variance (agar machine jyada der tak kaam kare toh achha)
3]Efficiency Variance (agar kum time me kaam pura kare toh achha)
1]Volume Variance &
2]Expenditure Variance (Simply Budgeted OH - Actual OH) ->Kitne exp lagne the & tumne kitne lagaye?
(less actual exp is better i.e favourable)
---------------------------------------------------------------------------------------------------------------------------------------
Volume Variance ( Output based ) divided in 3 parts:
1]Calendar Variance (Jyada din kaam kiya toh achha)
2]Capacity Variance (agar machine jyada der tak kaam kare toh achha)
3]Efficiency Variance (agar kum time me kaam pura kare toh achha)
09 June 2016
Isn't there any common relationship formula for Expenditure , Efficiency & Capacity Variance???
Guest
Guest
(Expert)
09 June 2016
They are not interrelated..
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