Standard Costing Flashcards
1
Q
Costs that are predetermined set by management for varios purposes
A
Standard costs
2
Q
DM Variance
A
AQ x AP
AQ x SP
SQ x SP
3
Q
DL Variance
A
AH x AR
AH x SR
SH x SR
4
Q
4-way Variance Analysis
A
AFOH(v) - BAAH(v) = Spending (v)
AFOH(f) - BAAH(v) = Spending (f)
BAAH - BASH = Efficiency
BASH - SFOH = Volume