2015管会计案例.pptVIP

Standard Costs and Operating Performance Measures Standard Costs Standard Costs Setting Standard Costs Accountants, engineers, personnel administrators, and production managers combine efforts to set standards based on experience and expectations. Setting Standard Costs Setting Standard Costs Setting Standard Costs Setting Direct Material Standards Setting Direct Labor Standards 科目一模拟考试C1 /c1/ 科目一考试网 Standard Cost Card – Variable Production Cost Standards vs. Budgets 科目一模拟考试2016题库 / 科目一考试网 Standard Cost Variances Variance Analysis Cycle Standard Cost Variances A General Model for Variance Analysis A General Model for Variance Analysis A General Model for Variance Analysis Standard Costs Material Variances Example 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. Material Variances What is the actual price per poundpaid for the material? a. $4.00 per pound. b. $4.10 per pound. c. $3.90 per pound. d. $6.63 per pound. Material Variances What is the actual price per poundpaid for the material? a. $4.00 per pound. b. $4.10 per pound. c. $3.90 per pound. d. $6.63 per pound. Material Variances Hanson’s material price variance (MPV)for the week was: a. $170 unfavorable. b. $170 favorable. c. $800 unfavorable. d. $800 favorable. Material Variances Continued End of Chapter 10 ? The McGraw-Hill Companies, Inc., 2000 Irwin/McGraw-Hill * Chapter10 Benchmarks formeasuring performance. The expected levelof performance. Based on carefullypredetermined amounts. Used for planning labor, materialand overhead requirements. Standard Costs are DirectMaterial Managers focus on quantities and coststhat exceed standards, a practice known as management by exception. Type of Product Cost Amount DirectLabor ManufacturingOverhead Standard Should we use