ERP Implementation requirements for variance analysis

1.     Variance Analysis

              7.1. Materials Variances

1.1.1          Materials Price Variance

1.1.2          Materials Usage/Price Usage Variance

1.1.3          Materials Mix Variance

1.1.4          Materials Yield Variance.

1.2   Labour Variances

1.2.1          Labour Rate Variance

1.2.2          Labour Efficiency Variance

1.2.3          Labour Mix Variance

1.2.4          Labour Yield Variance.

1.3   Overhead Variances

1.3.1          Spending Variance

1.3.2          Volume Variance

1.3.3          Idle Capacity Variance

1.3.4          Efficiency Variance

1.4   Sales Variances

1.4.1          Sales Price Variance

1.4.2          Sales Quantity Variance

1.4.3          Sales Mix & Yield Variance

1.4.4          Market Share Variance and Market Size Variance

1.4.5          Margin Price Variance and Margin Quantity Variance