TAILIEUCHUNG - Lecture Cost management: A strategic emphasis (6/e) - Chapter 15: Operational performance measurement

Chapter 15 - Operational performance measurement: indirect-cost variances and resource-capacity management. In this chapter, the learning objectives are: Distinguish between the product-costing and control purposes of standard costs for manufacturing (factory) overhead, calculate and properly interpret standard cost variances for overhead using flexible budgets, record overhead costs and associated standard cost variances,. | Operational Performance Measurement: Indirect-Cost Variances and Resource-Capacity Management Chapter Fifteen McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 15-2 Distinguish between the product-costing and control purposes of standard costs for manufacturing (factory) overhead Calculate and properly interpret standard cost variances for overhead using flexible budgets Record overhead costs and associated standard cost variances Apply standard costs to service organizations Learning Objectives 15-3 Learning Objectives (continued) Analyze overhead variances in a traditional activity-based cost (ABC) system Understand decision rules that can be used to guide the variance-investigation decision Formulate the variance-investigation decision under uncertainty (Appendix) 15-4 Variable Overhead Energy costs Indirect materials Indirect labor Equipment repair and maintenance Manufacturing (Factory) Overhead Costs: Examples Fixed Overhead Factory managers’ salaries Plant and equipment depreciation Plant security guards Insurance and property taxes for factory building and equipment 15-5 Standard Variable Overhead Costs: Product Costing vs. Control (Exhibit ) Variable OverheadCost Activity Variable (., DLHs) Product Costing & Cost Control = SQ × SP SQ = Standard allowed DLHs for units produced; SP = Standard variable overhead cost/DLH Variable Overhead Variance Analysis (Exhibit ) 15-6 15-7 Variable Overhead Variance Analysis: Equation Approach 15-8 Variable Overhead Variance Analysis: Equation Approach (continued) 15-9 Variable Overhead Variance Analysis: Example Calculations Schmidt Machinery Co. applies variable factory overhead on the basis of DLHs. Hanson has the following variable factory overhead standard to manufacture one unit of product: standard DLHs per unit @ a standard variable overhead rate of $ per DLH In October 2010, 3,510 hours were worked to make 780 units, and $40,630 was spent for

• Quản trị kinh doanh
• Cost management
• Cost systems
• Operational performance measurement
• Strategic performance measurement
• Resource capacity management
• Indirect cost variances
• Management control systems
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Lecture Cost management
• Cost management information
• Financial reporting
• Cost allocation
• Cost allocation bases
• Cost estimation
• Cost estimation methods
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Cost volume profit analysis
• Project management
• Lecture Project management in practice
• Project cost management
• Project perspective
• Cost management plan
• Cost versus expenses
• Cost volume profit
• Short term profit planning
• Cost planning
• Product life cycle
• Direct cost variances
• Nonfinancial performance measures
• Cost centers
• Profit centers