# ch06 - 6 CHAPTER Chapter 6 Performance Evaluation Variance...

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CH AP T E R 6 Chapter 6 – Performance Evaluation: Variance Analysis Performance Evaluation: Variance Analysis Learning Objectives 1. Prepare a flexible budget and explain its use in evaluating performance. (Unit 6.1) 2. Calculate the direct materials price and quantity variances. (Unit 6.2) 3. Identify potential causes of the direct materials price and quantity variances. (Unit 6.2) 4. Calculate the direct labor rate and efficiency variances. (Unit 6.3) 5. Identify potential causes of the direct labor rate and efficiency variances. (Unit 6.3) 6. Calculate the variable overhead spending and efficiency variances. (Unit 6.4) 7. Calculate the fixed overhead spending variance. (Unit 6.4) 8. Identify potential causes of the variable overhead spending and efficiency variances and the fixed overhead spending variance. Summary of End of Chapter Material Difficulty: E = Easy, M = Moderate, D = Difficult Bloom: K = Knowledge, C = Comprehension, AP = Application, AN = Analysis, S = Synthesis, E = Evaluation AACSB : A = Analytic, C = Communication, E = Ethics AICPA FN: DM = Decision modeling, RA = Risk Analysis, M = Measurement, R = Reporting, RS = Research, T = Technology AICPA PC: C = Communication, I = Interaction, L = Leadership, P = Professional demeanor, PM = Project Management, PS = Problem Solving and Decision Making, T = Technology IMA: BA = Business applications, BP = Budget Preparation, CM = Cost Management, DA = Decision Analysis, PM = Performance Measurement, R = Reporting, SP = Strategic Planning Item L. O. Difficulty Level Minutes to Complete Bloom’s Taxonomy AACSB AICPA FN AICPA PC IMA Ethics Coverage GUIDED UNIT PREPARATION Unit 6.1 1 1 E 2 K A R C BP 2 1 E 3 K A R C PM 3 1 M 3 K A R C PM 4 1 E 4 K, C A R C BP 5 1 M 4 K A M PS PM Unit 6.2 1 2 M 3 K A M PS PM 2 2 M 3 K A M PS PM 3 2 M 2 K A M PS PM 4 2 D 3 C A M PS PM 5 3 D 4 C A M PS PM 6 3 D 4 C A M PS PM Unit 6.3 1 4 M 3 K A M PS PM 2 4 M 3 K A M PS PM 3 5 D 4 C A M PS PM 4 5 D 4 C A M PS PM Unit 6.4 1 6 M 3 K A M PS PM 2 6 M 3 K A M PS PM 3 7 E 2 K A M PS PM 4 8 D 3 C A M PS PM 5 8 D 3 C A M PS PM 6-1 photo: © jsnyder design / iStockp hoto

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Solutions for Davis & Davis, Managerial Accounting , 2 nd ed. Item L. O. Difficulty Level Minutes to Complete Bloom’s Taxonomy AACSB AICPA FN AICPA PC IMA Ethics Coverage EXERCISES 6-1 1 M 15 AP A M PS BP 6-2 1 M 15 AP A M PS PM 6-3 1 M 15 AP A M PS PM 6-4 1 M 15 AP A M PS BP, PM 6-5 1 M 15-20 AP A M PS PM 6-6 2 E 5 AP A M PS PM 6-7 2 E 5 AP A M PS PM 6-8 2 M 8 AP A M PS PM 6-9 2 D 5 AP A M PS PM 6-10 2 D 5 AP A M PS PM 6-11 2 D 8 AP A M PS PM 6-12 3 D 10-15 AN A R C PM 6-13 2, 3 M 12 AP, AN A M PS PM 6-14 4 E 5 AP A M PS PM 6-15 4 E 5 AP A M PS PM 6-16 4 M 8 AP A M PS PM 6-17 4 M 5 AP A M PS PM 6-18 4 D 5 AP A M PS PM 6-19 4 D 8 AP A M PS PM 6-20 4, 5 D 12 AP, AN A M PS PM 6-21 6 D 8 AP A M PS PM 6-22 7 E 3 AP A M PS PM 6-23 7 E 5 AP A M PS PM 6-24 7 E 5 AP A M PS PM 6-25 2, 4, 6, 7 M 25-30 AP, AN A M PS PM 6-26 2, 4, 6, 7 M 20-25 AP A M PS PM PROBLEMS 6-27 1 D 35-40 AP, AN A M PS BP 6-28 3, 5 D 10-15 AN A M PS PM 6-29 6, 7 M 10-15 AP A M PS PM 6-30 1, 2, 3, 4, 5, 6, 7, 8 D 55-60 AP, AN, S A M PS BP, PM 6-31 1, 2, 3, 4, 5, 6, 7, 8 D 55-60 AP, AN, S A M PS BP, PM 6-32 2, 3, 4, 5, 6, 7, 8 D 55-60
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