Variance Calculation
Hello Team,
This is in regards to the variance calculation which business requested to share against task under the respective SRs. They requested to share the report in the following columns
Direct Cost | Standard Rate per job | Start date /time | End date /time | Actual hours | Actual cost | Variance |
Variance = Direct labor cost – Actual cost
From the above table we can get the date for few columns i.e.
Standard Rate per job => Fine (Planned Time)
Start date /time => Actual Start Date / Time (while Debriefing)
End date /time => Actual End Date / time (while Debrilefing)
Actual hours => Fine (From the above 2)
Actual cost = > A