Original Price: $4.99 Now at: $2.99 Reads (220)

Standard costing involves computation of various variances.

Compute the Total Variance.

Original Budget:	Budgeted Volume	x	Budgeted Quantity	x	Budgeted Rate
Flex Budget:	Actual Volume	x	Budgeted Quantity	x	Budgeted Rate
		x		x		=	$0
	-	x		x		=	$0
					Volume Variance	=	$0

Flex Budget:	Actual Volume	x	Budgeted Quantity	x	Budgeted Rate
VQA Budget:	Actual Volume	x	Actual Quantity	x	Budgeted Rate
		x		x		=	$0
	-	x		x		=	$0
					Quantity Variance	=	$0

 

VQA Budget:	Actual Volume	x	Actual Quantity	x	Budgeted Rate
Actual:	Actual Volume	x	Actual Quantity	x	Actual Rate
		x		x		=	$0
	-	x		x		=	$0
					Price Variance	=	$0

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