material variance (2 way)

actual aq X sp standard
price variance efficiency variance

3 way
price= ap - sp (sq) xxx
efficiency= aq - sq (sp) xxx
joint material = change in price X change in quantity xxx
total variance xxx

labor variance (2 way)

actual ah X sr standard
labor rate variance labor efficiency

3 way
labor rate variance= ar-sr (sh) xxx
labor efficiency= ah-sh (sr) xxx
joint labor= change in rate X change in hours xxx
total variance xxx

overhead variance
a. one factor method
actual standard
total overhead variance

b. two variance method

actual bash standard
controllable variance volume variance

bash
fixed= (normal capacity X standard fixed overhead rate) xxx
variable= (standard hours X standard variable overhead rate)xxx
budgeted allowed on standard hours xxx
c. three variance method
actual baah bash sh X variable rate
spending variable efficiency volume

baah
fixed= (normal capacity X standard fixed overhead rate) xxx
variable= (actual hours X standard variable overhead rate) xxx
budgeted allowed on actual hours xxx

d. four variance method

a.variable overhead variance
actual ahxsr standard
variable spending variable oh efficiency

b. fixed overhead variance

actual budgeted fixed at normal capacity shxfixed rate
fixed spending volume variance