FACTORY OVERHEAD VARIANCE CALCULATOR
Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.
Description Data Entry
Standard factory overhead rate
Budgeted fixed overhead
Standard direct labor hour rate per unit of output
Standard variable overhead rate per direct labor hour
Actual production
Actual factory overhead incurred
Actual direct labor hours used in production
Two-way Variance
Analysis
Controllable Variance calculated      
Volume Variance calculated      
Total factory overhead variance calculated      
Three-way Variance
Analysis
Spending Variance calculated      
Idle Capacity Variance calculated      
Effeciency Variance calculated      
Four-way Variance
Analysis
Variable Effeciency Variance calculated      
Fixed Effeciency Variance calculated      
The two other variances in the four-way variance analysis are spending and capacity variance which is the same as in the three way variance.
IF THE AMOUNT IS NEGATIVE THE VARIANCE IS FAVORABLE
IF POSITIVE THE VARIANCE IS UNFAVORABLE

Direct materials Calculator                        Direct Labor Calculator