chapter_10教程.ppt

Chapter 10 Standard Costs Standard Costs Variance Analysis Cycle Setting Standard Costs Accountants, engineers, purchasing managers, production supervisors, line managers, and production workers combine efforts to set standards that encourage efficient future production. Setting Standard Costs Learning Objective 1 Setting Direct Material Standards Setting Direct Labor Standards Setting Variable Overhead Standards Standard Cost Card – Variable Production Cost Price and Quantity Standards A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis Learning Objective 2 Material Variances Example Glacier Peak Outfitters has the following direct material standard for the fiberfill in its mountain parka. 0.1 kg. of fiberfill per parka at $5.00 per kg. Last month 210 kgs of fiberfill were purchased and used to make 2,000 parkas. The material cost a total of $1,029. Material Variances Summary Material Variances Summary Material Variances Summary Material Variances:Using the Factored Equations Materials price variance MPV = AQ (AP - SP) = 210 kgs ($4.90/kg - $5.00/kg) = 210 kgs (-$0.10/kg) = $21 F Materials quantity variance MQV = SP (AQ - SQ) = $5.00/kg (210 kgs-(0.1 kg/parka? 2,000 parkas)) = $5.00/kg (210 kgs - 200 kgs) = $5.00/kg (10 kgs) = $50 U Isolation of Material Variances Material Variances  Quick Check ? Hanson Inc. has the following direct material standard to manufacture one Zippy: 1.5 pounds per Zippy at $4.00 per pound Last week, 1,700 pounds of material were purchased and used to make 1,000 Zippies. The material cost a total of $6,630. Quick Check ? Hanson’s material price variance (MPV)for the week was: a. $170 unfavorable. b. $