AFM102w2010_March08_POSTED

AFM102w2010_March08_POSTED - AFM 102: Introduction to...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
AFM 102: Introduction to Managerial Accounting March 8
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Agenda Last time: Review DM variances DL and VMOH variances Today: Wrap up Ch 10 FMOH variances See you Wednesday…
Background image of page 2
Overhead Rate: Var. and Fixed Total Overhead $450,000 90,000 $5 / Mach. Hr. = = = $360,000 90,000 = $90,000 90,000 = Variable Overhead Fixed Overhead $4 $1 Activity Level
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Standard Cost Card Direct Materials (Given) 12.00 $     Direct Labour (Given) 19.00       Variable Overhead (3 MH @ $4.00 / MH) 12.00       Fixed Overhead (3 MH @ $1.00 / MH) 3.00         Total Standard Cost per Unit 46.00 Standard Cost Card - Per Finished Unit Collect standard costs of all types, by unit Budgeted activity has been used to ID predetermined application rates As a result, affects cost application to finished product…
Background image of page 4
Under- or over-application is still the difference between debits and credits and is cleared in the means previously discussed. Manuf. O’head
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/06/2011 for the course AFM 102 taught by Professor R.ducharme during the Fall '09 term at Waterloo.

Page1 / 12

AFM102w2010_March08_POSTED - AFM 102: Introduction to...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online