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Variance Analysis Dashboard

Compare standard costs and actual costs to evaluate performance and analyze causes.

Direct Materials (DM) Data

Actual Qty Purchased

Actual Qty Used

Standard Qty Allowed (SQ)

Actual Price (AP)

Standard Price (SP)

Direct Labor (DL) Data

Actual Hours (AH)

Standard Hours (SH)

Actual Rate (AR)

Standard Rate (SR)

Manufacturing Overhead (OH) Data

Actual VOH

Actual FOH

Budgeted FOH

Standard VOH Rate

Standard FOH Rate

Direct Materials Variance Analysis

Price Variance

$400 Favorable

Actual purchase price was lower than standard.

Quantity Variance

$100 Unfavorable

Actual quantity used was higher than standard.

Direct Labor Variance Analysis

Rate Variance

$2,250 Unfavorable

Actual rate was higher than standard.

Efficiency Variance

$750 Favorable

Actual hours worked were less than standard.

Manufacturing Overhead Variance Analysis

VOH Spending Variance

$390 Unfavorable

Actual VOH was higher than applied.

VOH Efficiency Variance

$150 Unfavorable

Actual labor hours were higher than standard.

FOH Budget Variance

$1,440 Favorable

Actual FOH was lower than budgeted.

FOH Volume Variance

$600 Unfavorable

Actual production was lower than budgeted.