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Unformatted text preview: Material variance are added to cost of goods sold if they are unfavorable. Material variance are subtracted to cost of goods sold if they are favorable. Labor rate variance- (AR – SR) x AH > related to price variance Labor efficiency variance- (AH-SH) x SR...
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This note was uploaded on 05/04/2011 for the course ACCOUNTING 2102 taught by Professor Wurst during the Spring '11 term at Temple.
- Spring '11
- Managerial Accounting