2016理会计案例.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 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 usepractical standardsor ideal standards? Engineer ManagerialAccountant Practical standardsshould be set at levelsthat are currentlyattainable withreasonable andefficient effort. Productionmanager I agree. Ideal standards, that are based on perfection, areunattainable and discourage most employees. HumanResourcesManager QuantityStandards Use product design specifications. PriceStandards Final, deliveredcost of materials,net of discounts. RateStandards Use wage surveys andlabor contracts. TimeStandards Use time and motion studies foreach labor operation. RateStandards The rate is the variable portion of the predetermined overhead rate. ActivityStandards The acti