TAILIEUCHUNG - Lecture Managerial accounting (6th edition): Chapter 11 - Jiambalvo

Chapter 11 - Standard costs and variance analysis. This chapter presents the following content: Standard costs and budgets, development of standard costs, ideal versus attainable standards, standard costing, a general approach to variance analysis,. | 1 Slide 11-2 CHAPTER 11 Standard Costs and Variance Analysis 2 Slide 11-3 Standard Costs and Budgets Standard cost Cost that management believes should be incurred to produce a product or service under anticipated conditions Standard costs can be used by manufacturing and service companies A tool manufacturer may set a standard cost for producing a hammer A bank may set a standard cost for processing a check Learning objective 1: Explain how standard costs are developed, and calculate and interpret variances for direct material and direct labor. 3 Learning objective 1: Explain how standard costs are developed, and calculate and interpret variances for direct material and direct labor. Slide 11-4 Standard Costs and Budgets The term standard cost often refers to the cost of a single unit The term budgeted cost often refers to the cost, at standard, of the total number of budgeted units The cost information contained in budgets must be consistent with standard costs 4 Slide 11-5 Standard

• Kế toán - Kiểm toán
• Managerial accounting
• Lecture Managerial accounting
• Standard costs
• Variance analysis
• Material variances
• Direct labor variances
• Managerial accounting for managers
• Profitability analysis
• Decision making
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Kế toán quản trị
• Managerial accounting information
• General cost classifi cations
• Product costs
• Process costing
• Standard costing systems
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Lecture Financial and managerial accounting
• Financial statements
• Managerial decisions
• Financial accounting
• Dynamic business environment
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Capital budgeting decisions
• Time value of money
• Income taxes
• After tax cost