Standard Costing And Variance Analysis Flashcards
1
Q
Standard Costing
Are also known as
A
Planned Costs
Predicted Costs
Scheduled Costs
Specification Costs
2
Q
Variance Analysis is a technique that can be used by mgmt. to measure performance
A
Yes
3
Q
Standard Costing and Variance Analysis
No other way but to memorize the formulas. So please ilatag mo ang Variance Analysis line for
Direct Materials
Direct Labor
Factory Overhead (4way) - IMPT!
Ito lang enough na to survive this topic
A
4
Q
Weakness and need to review:
FOH VARIANCE ANALYSIS
A
