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The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the?
Wiki User
∙ 10y ago
The difference between actual quantity and standard quantity is called the material quantity variance.
Wiki User
∙ 10y ago
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The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?
cheatFAIL
What variance is the difference between the actual sales and the flexible budget sales?
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
Difference between histotical cost and standard cost?
Standard cost is the cost which is basis to measure the actual cost historical cost is the initial cost
An unfavorable material quantity variance indicates?
actual usage of materials exceeds the standard material allowed for output
What is the difference between variable overheads cost variance andfixed overheads cost variance?
Variable overhead cost variance is that variance which is in variable overheads costs between the standard cost and the actual variable cost WHILE fixed overheads cost variance is variance between standard fixed overhead cost and actual fixed overhead cost.
When computing standard cost variances the difference between actual and standard price multiplied by actual quantity yields what?
Price Variance
The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?
cheatFAIL
What level of closeness between a measured quantity and the actual or standard value?
It's the similarity I think.
What is the zero value in quantity surveying?
Difference between BOQ cost and actual cost (after execution)
What is the difference between the standard and gendic preparation?
In standard preperation the quantity of medicament is full (thats is written on the outside of the wrapper that is also present in the tablet or capsule or in any preperation) while in the gendic preperation the quantity of medicament is not fulled (In this if out side of the wrap is written 20 mg. but in the actual preperation only 10 mg or 12 mg present) that is differance between the standard and gendic......
Difference between standard cost actual cost and normal cost?
prices
Difference between air standard and actual cycle?
The air standard is and estimate and is usually greater than the actual cycle due to various losses that occur during the actual engine operation.
What is favourable?
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
What is the difference between standard error and standard deviation?
Standard error is the difference between a researcher's actual findings and their expected findings. Standard error measures the accuracy of one's predictions. Standard deviation is the difference between the results of one's experiment as compared with other results within that experiment. Standard deviation is used to measure the consistency of one's experiment.
What is favourable variance?
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
How is an estimated quantity different from an actual quantity?
A quantity is how much of somethere is, and a estimate is a complete or educated guess. If you know the actual quantity, then it isn't a guess. So i guess the difference is one is a guess and one is not.
What variance is the difference between the actual sales and the flexible budget sales?
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
