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Material price variance - PowerPoint PPT Presentation

STANDARD COSTING

STANDARD COSTING

STANDARD COSTING . And VARIANCE ANALYSIS. Concept of Standard cost. Standard is the pre-determined cost based on technical estimates for materials, labour and overheads for a selected period of time.

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1.56k views • 40 slides
Control and Evaluation of Cost Centers

Control and Evaluation of Cost Centers

1. 1. Control and Evaluation of Cost Centers. Prepared by Douglas Cloud Pepperdine University. Objectives. Develop standard variable costs for a product. Calculate direct labor, variable overhead, and materials variances.

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620 views • 34 slides
Chapter 11 Standard Costs and Variance Analysis

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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421 views • 20 slides
Chapter 11 Standard Costs and Variance Analysis

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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236 views • 20 slides
Prepared by Diane Tanner University of North Florida

Prepared by Diane Tanner University of North Florida

Chapter 45. Direct Material Variances. Prepared by Diane Tanner University of North Florida. Causes of Material Variances. Two causes Price Paid too much or paid less than expected for material per unit Quantity Used too much or used less than expected. Material Variances.

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168 views • 10 slides

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