ACCTMIS 2300 Exam 3 2025/2026
updated well answered
DM Price Variance - ANS ✔✔(Actual Quantity*Actual Price)-(Actual Quantity*Standard Price)
DM Quantity Variance - ANS ✔✔(Actual Quantity*Standard Price)-(Standard Quantity*Standard
Price)
DL Rate Variance - ANS ✔✔(Actual Hours*Actual Rate)-(Actual Hours*Standard Rate)
DL Efficiency Variance - ANS ✔✔(Actual Hours*Standard Rate)-(Standard Hours*Standard Rate)
Total DL Variance - ANS ✔✔DL Rate Variance + DL Efficiency Variance
Variable Overhead Spending - ANS ✔✔Actual Variable Overhead Cost-(Actual Hours*Standard
Rate)
Variable Overhead Efficiency - ANS ✔✔(Actual Hours*Standard Rate)-(Standard Hours*Standard
Rate)
Total Variable Overhead - ANS ✔✔VOVH Spending + VOVH Efficiency
Positive Variance - ANS ✔✔UNFAVORABLE
Negative Variance - ANS ✔✔FAVORABLE
updated well answered
DM Price Variance - ANS ✔✔(Actual Quantity*Actual Price)-(Actual Quantity*Standard Price)
DM Quantity Variance - ANS ✔✔(Actual Quantity*Standard Price)-(Standard Quantity*Standard
Price)
DL Rate Variance - ANS ✔✔(Actual Hours*Actual Rate)-(Actual Hours*Standard Rate)
DL Efficiency Variance - ANS ✔✔(Actual Hours*Standard Rate)-(Standard Hours*Standard Rate)
Total DL Variance - ANS ✔✔DL Rate Variance + DL Efficiency Variance
Variable Overhead Spending - ANS ✔✔Actual Variable Overhead Cost-(Actual Hours*Standard
Rate)
Variable Overhead Efficiency - ANS ✔✔(Actual Hours*Standard Rate)-(Standard Hours*Standard
Rate)
Total Variable Overhead - ANS ✔✔VOVH Spending + VOVH Efficiency
Positive Variance - ANS ✔✔UNFAVORABLE
Negative Variance - ANS ✔✔FAVORABLE