management 企业管理类英文版课件 (28)(精品·公开课件).pptVIP

Performance Evaluation Through Standard CostsAdapted forAccounting 212 Chapter 26 1 Distinguish between a standard and a budget. 2 Identify the advantages of standard costs. 3 Describe how standards are set. 4 State the formulas for determining direct materials and direct labor variances. 5 State the formulas for determining manufacturing overhead variances. 6 Discuss the reporting of variances. 7 Enumerate the features of a standard cost accounting system. The Need for Standards Standards common in business those imposed by government agencies are often called regulations (such a