Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Managerial Accounting > Standard Costing > Flashcards

Standard Costing Flashcards

1
Q

Quantity Variance

A

SP(SQ - AQ)

  • Material Quantity Variance
  • Labor Efficiency Variance
  • Variable Overhead Efficiency Variance
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Price Variance

A

AQ(SP - AP)

  • Materials Price Variance
  • Labor Rate Variance
  • Variable Overhead Rate Variance
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Spending Variance

A

(SQ X SP) - (AQ X AP)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Managerial Accounting (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions