chapter 09 Standard Costing-A functional Based Control Approach [ppt]

After studying this chapter 09 Standard Costing-Afunctional Based COntrol Approach, you should be able to:

1. Describe how unit input standards are developed, and explain why standard cost systems are adopted.
2. Explain the purpose of a standard cost sheet.
3. Compute and journalize the direct materials and direct labor variances, and explain how they are used for control.
4. Compute overhead variances three different ways, and explain overhead accounting.
5. Calculate mix and yield variances for direct materials and direct labor.

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Also see for downloading of Chapter 10 Decentralization Responsibility Accounting, Performance Evaluation, and Transfer Pricing