Standard costing and variance analysis

Descripción

Mapa Mental sobre Standard costing and variance analysis, creado por jamescambell3 el 01/06/2014.
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Mapa Mental por jamescambell3, actualizado hace más de 1 año
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Creado por jamescambell3 hace más de 11 años
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Resumen del Recurso

Standard costing and variance analysis
  1. Standard costing
    1. Types of standard
    2. Variance analysis
      1. Calculating variances
        1. Flexing the budget
          1. Materials cost variances
            1. Price variance
              1. Usage variances
              2. Labour variances
                1. Labour rate variance
                  1. Labour efficiency variance
                  2. Variable overhead variances
                    1. Variable overhead expenditure variance
                      1. Variable efficiency variance
                      2. Fixed overhead variance
                        1. Sales variances
                          1. Sales price variance
                            1. Sales volume variance
                            2. Summary of variance formulae
                              1. Reconciling budgeted profit and actual profit
                                1. Investigating variances
                                  1. Management by exception
                                    1. Feedback provisions
                                    2. Advantages and disadvantages of variance analysis
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