Variances
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STATIC BUDGET VARIANCE =Actual results – Static Budget Amount
FLEXIBLE BUDGET VARIANCE = Actual results – Flexible budget Amount
SPENDING VARIANCE Actual Input (Standard Price – Actual Price)
YIELD VARIANCE Standard Price (Standard Input – Actual Input) Standard input proportion
EFFICIENCY/USAGE VARIANCE Standard Price(Standard Input – Actual Input)
MIX VARIANCE (Standard Input Proportion –Actual Input Proportion) Standard Price Actual Input
SALES VOLUME VARIANCE = ( Actual Sales quantity in units – Static budget sales quantity in units) Budgeted CM per unit
SALES MIX VARIANCE = Actual units of all products sold ( Actual Sales mix %age – Static budget sales mix %age ) × Budgeted CM per unit
MARKET SHARE VARIANCE = Actual Market Size in units × (Actual market share – Budgeted market Share) × Budgeted CM per composite unit for budgeted mix
SALES QUANTITY VARIANCE = (Actual units of all products sold
– Budgeted units of all products sold) × Budget sales mix %age ) × Budgeted CM per unit
MARKET SIZE VARIANCE = (Actual Market Size in units – budgeted market size in units) × Budgeted market Share × Budgeted CM per composite unit for budgeted mix
FLEXIBLE BUDGET VARIANCE = Actual results – Flexible budget Amount
SPENDING VARIANCE Actual Input (Standard Price – Actual Price)
YIELD VARIANCE Standard Price (Standard Input – Actual Input) Standard input proportion
EFFICIENCY/USAGE VARIANCE Standard Price(Standard Input – Actual Input)
MIX VARIANCE (Standard Input Proportion –Actual Input Proportion) Standard Price Actual Input
SALES VOLUME VARIANCE = ( Actual Sales quantity in units – Static budget sales quantity in units) Budgeted CM per unit
SALES MIX VARIANCE = Actual units of all products sold ( Actual Sales mix %age – Static budget sales mix %age ) × Budgeted CM per unit
MARKET SHARE VARIANCE = Actual Market Size in units × (Actual market share – Budgeted market Share) × Budgeted CM per composite unit for budgeted mix
SALES QUANTITY VARIANCE = (Actual units of all products sold
– Budgeted units of all products sold) × Budget sales mix %age ) × Budgeted CM per unit
MARKET SIZE VARIANCE = (Actual Market Size in units – budgeted market size in units) × Budgeted market Share × Budgeted CM per composite unit for budgeted mix
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