Who Is Responsible For Material Quantity Variance? The materials price variance is usually the responsibility of the purchasing manager. The materials quantity and labor efficiency variances are usually the responsibility of production managers and supervisors. Which department is responsible for material quantity variance? In general, the production department of the company is responsible for direct
How Do You Calculate Variance Analysis? The actual selling price, minus the standard selling price, multiplied by the number of units sold. Material yield variance. Subtract the total standard quantity of materials that are supposed to be used from the actual level of use and multiply the remainder by the standard price per unit. What
How Do You Write A Good Variance Analysis Report? Provide separate analysis for cost and schedule variances. For cost identify if the variance is usage (More hours required than performed) or rate (i.e. more or less expensive resources or rate changes) Emphasize the significant issues. What should be included in a variance report? A variance