'Favorable variances' presentation slideshows

Chapter 21

Chapter 21. Flexible Budgets and Standard Costing. Conceptual Learning Objectives. C1: Define standard costs and explain their computation and uses. =>QUIZ C2: Describe variances and what they reveal about performance.

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Accounting 6310

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Session 21

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Accounting 4310

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Chapter 11 Standard Costs and Variance Analysis

Chapter 11 Standard Costs and Variance Analysis. Presentation Outline. Types of Standards Variance Calculations Investigation of Standard Cost Variances. Ideal Standards Can only be attained under the best circumstances. No allowance for machine breakdowns or work interruptions.

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Chapter 11 Standard Costs and Variance Analysis

Chapter 11 Standard Costs and Variance Analysis. Presentation Outline. Types of Standards Variance Calculations Investigation of Standard Cost Variances. Ideal Standards Can only be attained under the best circumstances. No allowance for machine breakdowns or work interruptions.

222 views • 20 slides

CHAPTER 7

CHAPTER 7. Flexible Budgets, Direct-Cost Variances, and Management Control. Basic Concepts. Variance difference between an actual and an expected (budgeted) amount Management by Exception the practice of focusing attention on areas not operating as expected (budgeted)

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CHAPTER 7

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CHAPTER 7

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CHAPTER 7

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CHAPTER 7

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Standard Costs and Variance Analysis

10. Chapter. Standard Costs and Variance Analysis. Comparison of Actual vs. Budget for Beal Manufacturing. Fewer units sold Fewer units produced DM and DL usage and prices are different than anticipated How do you compare?. 7500 units. 7900 units. Sales. $1,800,000. $1,975,000.

288 views • 13 slides