Standard Costing Calculator
For Cost Management Professionals
This comprehensive tool helps you analyze variances between standard costs and actual costs. Identify areas of efficiency and opportunities for improvement in your costing processes. Designed specifically for CMA candidates and professionals.
Material Cost Variance
Material Variance Analysis
Total Material Variance: ₹0
Material Price Variance: ₹0
Material Usage Variance: ₹0
Material Mix Variance: ₹0
Material Yield Variance: ₹0
Labor Cost Variance
Labor Variance Analysis
Total Labor Variance: ₹0
Labor Rate Variance: ₹0
Labor Efficiency Variance: ₹0
Labor Idle Time Variance: ₹0
Overhead Variance
Overhead Variance Analysis
Total Overhead Variance: ₹0
Variable Overhead Variance: ₹0
Fixed Overhead Variance: ₹0
Efficiency Variance: ₹0
Capacity Variance: ₹0
Sales Variance
Sales Variance Analysis
Total Sales Variance: ₹0
Sales Price Variance: ₹0
Sales Volume Variance: ₹0
Sales Mix Variance: ₹0
Variance Insights & Recommendations
Variance Analysis Summary
After analyzing your cost variances, we've identified key areas for improvement. The most significant variances appear to be in material costs and labor efficiency.
Recommended Actions:
- Review material purchasing processes to reduce price variances
- Investigate labor inefficiencies in production line 3
- Analyze overhead allocation methods for accuracy
- Evaluate sales mix profitability for better resource allocation