In this example, what did the variances actually mean?
Posted: Thu May 19, 2022 3:49 pm
In this example, what did the variances actually
mean?
Actual DHL x Actual Rate Actual DHL X Standard Rate Standard DHL x Standard Rate 55 hours Х 55 hours х $10 per hour $9.80 per hour* $539 (0.5 hrs x 100 balls = 50 hours) х $10 per hour $500 $550 Spending variance $11 favourable Efficiency variance $50 unfavorable
mean?
Actual DHL x Actual Rate Actual DHL X Standard Rate Standard DHL x Standard Rate 55 hours Х 55 hours х $10 per hour $9.80 per hour* $539 (0.5 hrs x 100 balls = 50 hours) х $10 per hour $500 $550 Spending variance $11 favourable Efficiency variance $50 unfavorable