Chapter_10-11_Wrap_Up

Chapter_10-11_Wrap_Up - and Manufacturing Cycle Efficiency...

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CHAPTER 10-11 WRAP UP
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CHAPTER 10 Standard Costs-Practical vs Ideal DM Purchase-Purchase Price + Shipping – Discount  and Misc Quantity Used- Material Reqs+ Waste + Rejects +  Misc DL Rate- Basic Rate + Taxes + Benefits  DL Quantity- Basic time in hours + Allowances for  others
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CHAPTER 10  Variances DM Price- AQ(AP-SP) DM Quantity- SP(AQ-SQ)  Labor Rate Variance- AH(AR-SR) Labor Efficiency- SR(AH-SH) Variable OH Spending Price- AH(AR-SR Variable OH Efficiency Variance- SR(AH-SH) Negative Balances are Favorable, Positive are  Unfavorable
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CH 10 Balanced Scorecard Understand- Learning and Growth, Internal  Business Process Perspective, Customer Perspective,  and Financial Measures Know Delivery Cycle Time, Throughput Time, 
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Unformatted text preview: and Manufacturing Cycle Efficiency Journal Entries- Unfavorable Var. are Debits, Favorable Var. are Credits CH 11 Understand Flexible Budget Basics Variable Costs of OH adjust with usage. Spending variance only looks at only actual hours, Efficiency variance looks at standard hours for production. Variances Variable OH Spending Price- AH(AR-SR Variable OH Efficiency Variance- SR(AH-SH) Fixed OH Budget Variance-Actual fixed OH-Budgeted fixed OH Volume Variance- Fixed OH*(Denominator Hours- Standard Hours Allowed) Underapplied OH-Unfavorable Variances (Positive) Overapplied OH-Favorable Variances (Negative)...
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Chapter_10-11_Wrap_Up - and Manufacturing Cycle Efficiency...

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