TAILIEUCHUNG - Lecture Principles of accounting (2005): Chapter 25 - Needles, Powers, Crosson

Chapter 25 - Standard costing and variance analysis. Chapter 25 covers standard costing from the standardized of performance measurement. It introduces and calculates variances. It demonstrates how variance analysis can be used as a means of establishing and maintaining cost control. | Standard Costing and Variance Analysis Multimedia Slides by: Gail A. Mestas, MAcc, New Mexico State University Chapter 25 Learning Objectives Define standard costs and describe how managers use standard costs in the management cycle. Explain how standard costs are developed and compute a standard unit cost. Prepare a flexible budget and describe how variance analysis is used to control costs. Learning Objectives (cont’d) Compute and analyze direct materials variances. Compute and analyze direct labor variances. Compute and analyze manufacturing overhead variances. Explain how variances are used to evaluate managers’ performance. Standard Costing Objective 1 Define standard costs and describe how managers use standard costs in the management cycle Standard Costing is a method of cost control that includes a measure of actual performance and a measure of the difference, or variance, between standard and actual performance Standard Costs Realistic estimates of costs Based on analysis .

• Kế toán - Kiểm toán
• Principles of accounting
• Lecture Principles of accounting
• Nguyên lý kế toán
• Accounting information
• Standard costing
• Variance analysis
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting