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Unformatted text preview: *Chapter 14*-Evaluating Performance (Control Process)-Standard Costing *Manufacturing companies only *Only for production costs *What should happen *How much time, materials, overhead, and effort Actual Static Budget $143,750 $144,000 $9,250 Favorable Static Budget Variance Variance:-Totals for time period-Favorable or unfavorable-Dollars and cents Actual Static Budget 28,000 units 30,000 units $4.8125 $4.80 $134,750 $144,000 $9,250 Favorable Actual Actual x Budgeted 28,000 units 20,000 units $4.8125 $4.80 $134,750 $134,400 $350 Unfavorable Flexible Budget Variance Actual x Budgeted Static Budget 20,000 units 30,000 units $4.80 $4.80 $134,400 $144,000 $9,600 Favorable Sales Volume Variance (Based on Units)...
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This note was uploaded on 08/25/2010 for the course ACCT 327 taught by Professor Gillespie,j during the Spring '08 term at University of Delaware.
- Spring '08
- Cost Accounting