chapter7管理会计英文版.ppt

Chapter 7;Standard Costs;Standard Costs;Variance Analysis Cycle; Accountants, engineers, purchasingagents, and production managerscombine efforts to set standards that encourage efficient future production.;Learning Objective 1;Setting Direct Material Standards ;Setting Direct Labor Standards ;Setting Variable Overhead Standards ;Standard Cost Card – Variable Production Cost;Are standards the same as budgets? A budget is set for total costs. ;Price and Quantity Standards;A General Model for Variance Analysis;Variance Analysis;Price Variance;Price Variance;Price Variance;Price Variance;A General Model for Variance Analysis ;A General Model for Variance Analysis ;Learning Objective 2; 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.; 210 kgs. 210 kgs. 200 kgs. × × × $4.90 per kg. $5.00 per kg. $5.00 per kg. = $1,029 = $1,050 = $1,000 ; 210 kgs. 210 kgs. 200 kgs. × × × $4.90 per kg. $5.00 per kg. $5.00 per kg. = $1,029 = $1,050 = $1,000 ; 210 kgs. 210 kgs. 200 kgs. × × × $4.90 per kg. $5.00 per kg. $5.00 per kg. = $1,029 = $1,050 = $1,000 ;Material Variances:Using the Factored Equations;Isolation of Material Variances;Material Variances;;I am not r