Value Analysis
*Do add normal labour costs in relevant cost if there is a rate. Do not if fixed.
Original budgeted sales x standard margin
Revised budgeted sales x standard margin
(to achieve target share of actual market)
Actual sales quantity x standard margin
Market size variance
(planning)
Market share variance
(operational)
Planning and operational variances for materials
Standard quantity x standard price
Material usage planning variance
Revised quantity x standard price
Actual quantity x standard price
Material usage operational variance
Standard price x actual quantity
Material price planning variance
Revised price x actual quantity
Actual price x actual quantity
Material price operational variance
Planning and operational variances for labour
Standard rate x actual hours
Labour rate planning variance
Revised rate x actual hours
Actual rate x actual hours
Labour rate operational variance
Standard hours x standard rate
Labour efficiency planning variance
Revised hours x standard rate
Actual hours x standard rate
Labour efficiency operational variance