CH7 b - A PRICE VARIANCE =(A P S P X B EFFICIENCY VARIANCE =(A q S q X C JOURNAL ENTRIES V IMPLEMENTING STANDARD COSTING VI MANAGEMENT USES OF

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ACCT 347 LECTURE NOTE, CHAPTER # 7 FLEXIBLE BUDGET, DIRECT-COST VARIRANCES & MANAGEMENT CONTROL I. STATIC BUDGETS AND STATIC BUDGET VARIANCES (SEE EX 7-1) II. FLEXIBLE BUDGETSB (SEE EX 7-2) III. FLEXIBLE BUDGET VARIANCES & SALES VOL. VARIANCES (SEE EX 7-2) A. Sales volume variance = flexible budget - ______ budget B. Flexible budget variance = actual - ________ budget IV. PRICE VARIANCES & EFFICIENCY VARIANCES (SEE EX 7-4)
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Unformatted text preview: A. PRICE VARIANCE = (A P- S P ) X ____ B. EFFICIENCY VARIANCE = (A q- S q ) X ____ C. JOURNAL ENTRIES V. IMPLEMENTING STANDARD COSTING VI. MANAGEMENT USES OF VARIANCES A. MULTIPLE CAUSES OF VARIANCES B. WHEN TO INVESTIGATE VARIANCES C. ___________ MEASUREMENT D. ORGANIZATION LEARNING E. CONTINUOUS IMPROVEMENT F. _________ & NONFINANCIAL PERFORMANCE MEASURES VII. VARIANCE ANALYSIS & ABC...
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This note was uploaded on 02/23/2010 for the course ACCT 42312 taught by Professor Huh during the Fall '09 term at CSU San Bernardino.

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