A General Model for Variance Analysis
{"Image DocumentName": "A General Model for Variance Analysis", "Image ImageDescription": "Price Variance. Quantity Variance. Actual Quantity Actual Quantity Standard Quantity \u00d7 \u00d7 \u00d7 Actual Price Standard Price Standard Price. We can reduce these relationships to mathematical equations as shown on your screen. For example, we can determine the price variance by subtracting the actual quantity times the standard price from the actual quantity times the actual price, and we can determine the quantity variance by subtracting the standard quantity times the standard price from the actual quantity times the standard price. (AQ \u00d7 AP) \u2013 (AQ \u00d7 SP) (AQ \u00d7 SP) \u2013 (SQ \u00d7 SP) AQ = Actual Quantity SP = Standard Price AP = Actual Price SQ = Standard Quantity.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}