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Hierarchy of Variances

This document outlines the different types of cost and sales variances that can occur in accounting for tree management, including material, labor, fixed overhead and sales variances such as price, volume, mix and yield variances. It provides a diagram of the total cost and sales variance tree and was prepared by Qaisar Abbas for a management accounting course.

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Qaisar Abbas
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619 views

Hierarchy of Variances

This document outlines the different types of cost and sales variances that can occur in accounting for tree management, including material, labor, fixed overhead and sales variances such as price, volume, mix and yield variances. It provides a diagram of the total cost and sales variance tree and was prepared by Qaisar Abbas for a management accounting course.

Uploaded by

Qaisar Abbas
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Cost and Sales Variances Tree Management Accounting (AF-401)

(TOTAL COST AND SALES VARIANCE DIAGRAM)

Total Cost Variance

Material Variance Price Variance Usage Variance


Yield Variance

Labor Variance Rate Variance Efficiency Variance


Idle Time Variance

FOH Variance Variable OH Variance


Efficiency Variance Expenditure Variance

Fixed OH Variance
Volume Variance Expenditure Variance

Mix Variance

Productive Variance

Mix Variance

Yield Variance Total Sales Variance Price Variance Volume Variance


Yield Variance

Efficiency Variance

Capacity Variance

Mix Variance

Prepared By : Qaisar Abbas (ACMA Stage-4)

Management Accounting (AF-401)

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