3.4 apr%2029%20may%204%20ch10.PPT

3.4 apr%2029%20may%204%20ch10.PPT - ACIS 222 Standard Costs...

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ACIS 222 Standard Costs and Variance Analysis Reading: Eldenburg et al. (2008) Chapter 10
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Ch10- Ch10- 2 Topics 1. Unit standards 2. Standard product costs 3. Variance analysis: labour and materials 4. Using variances 5. Variance analysis: overhead costs
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Ch10- Ch10- 3 1. Unit Standards Introduction budgets compare actual with plan aggregate measures standard costing unit measures
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Ch10- Ch10- 4 Standard costs predetermined costs expressed on a per-unit basis Quantity standards the amount of input that should be used per unit of output Price standards the amount that should be paid per unit of input
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Ch10- Ch10- 5 When to use standard costing when both amounts and prices can be realistically quantified when operations are repetitive
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Ch10- Ch10- 6 Why use standard costing? control costs make operations more efficient facilitate product costing
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Ch10- Ch10- 7 Standard costs and budgets Similarities expected costs of output specified in advance actual results compared with expected at periodic intervals planning, coordinating, motivating and controlling are facilitated quantification and control problems
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This note was uploaded on 12/23/2009 for the course BCOM ACIS 222 taught by Professor Neilcrombie during the Spring '09 term at Canterbury.

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3.4 apr%2029%20may%204%20ch10.PPT - ACIS 222 Standard Costs...

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