1.

What Are The Most Commonly-derived Variances Used In Variance Analysis?

Answer»

Here are the most commonly-derived variances used in variance analysis:

  • Purchase PRICE variance.
  • Labor RATE variance
  • VARIABLE overhead spending variance
  • Fixed overhead spending variance
  • Selling price variance
  • Material yield variance
  • Labor EFFICIENCY variance
  • Variable overhead efficiency variance

Here are the most commonly-derived variances used in variance analysis:


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