 price variance and we're gonna have the quantity variance. So in order to do this, we'll take a look at it kind of graphically here or in a chart format and then we'll look at a formula which will be slightly less, you know, a few less calculations here. So we're gonna start this off, we're gonna be on the price variance. We're gonna start with the first part of that which is we're just gonna recalculate the actual costs. So we're gonna have our little formula here. This stands for actual hours times the actual rate. And so we're just basically taking these numbers and recalculating them. So we have the actual hours which were here. We got the actual rate here. We multiply those two out, then we get this number here. So we just recalculating that number. We're gonna do the same thing for the standards. Now we got the standard hours and the standard rate which is of course just these numbers over here. So we're gonna take the 270,000 times the standard rate of $14 even and that's gonna give us the 3,780,000. Now again, if we just took the difference in there, that would be kind of like our flexible budget compared to what actually happened. So if we just took the difference, it would be that 136,250 which is of course the difference we calculated up here. So our goal now is to break that down into its components. Those two components being the rate variance, the difference due to the different rates here and the efficiency variance, the difference due to the number of hours that actually happened compared to what we budgeted to happen. So if we do that, then we're gonna have this.