Cost Accounting Flashcards
1
Q
Standard Cost
A
-
2
Q
Standard Price (SP)
A
-
3
Q
SP
A
Standard Price
4
Q
Standard Quantity (SQ)
A
-
5
Q
SQ
A
Standard Quanity
6
Q
Standard Rate (SR)
A
-
7
Q
SR
A
Standard Rate
8
Q
Standard Hours (SH)
A
-
9
Q
SH
A
Standard Hours
10
Q
Material Price Variance
A
-
11
Q
MPV
A
Material Price Variance
12
Q
Material Usage Variance (MUV)
A
-
13
Q
MUV
A
Material Usage Variance
14
Q
Labor Rate Variance (LRV)
A
-
15
Q
LRV
A
Labor Rate Variance
