TAILIEUCHUNG - Lecture Managerial accounting: Chapter 8 - Weygandt, Kieso, & Kimmel

Chapter 8 - Performance evaluation through standard costs. After studying this chapter, you should be able to: Distinguish between a standard and a budget, identify the advantages of standard costs, describe how standards are set, indicate the formulas for determining direct materials and direct labor variances, state the formulas for determining manufacturing overhead variances,. | John Wiley & Sons, Inc. Prepared by Karleen Nordquist The College of St. Benedict. and St. John’s University. with contributions by Marianne Bradford The University of Tennessee. Gregory K. Lowry . Macon Technical Institute Managerial Accounting Weygandt, Kieso, & Kimmel Chapter 8 Performance Evaluation Through Standard Costs After studying this chapter, you should be able to: 1 Distinguish between a standard and a budget. 2 Identify the advantages of standard costs. 3 Describe how standards are set. 4 Indicate 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 Identify the features of a standard cost accounting system. Chapter 8 Performance Evaluation Through Standard Costs Preview of Chapter 8 Need for Standards Standards vs. Budgets Why Standard Costs? Setting Standards Ideal vs. Normal Case Study PERFORMANCE EVALUATION THROUGH STANDARD

• Kế toán - Kiểm toán
• Managerial accounting
• Lecture Managerial accounting
• Standard costs
• Standard cost accounting system
• Direct materials
• Standard materials cost
• 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