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
16
Q
Labor Efficiency Variance (LEV)
A
-
17
Q
LEV
A
Labor Efficiency Variance
18
Q
Overhead Spending Variance (OSV)
A
-
19
Q
OSV
A
Overhead Spending Variance
20
Q
Overhead Efficiency Variance (OEV)
A
-
21
Q
OEV
A
Overhead Efficiency Variance
22
Q
Overhead Volume Variance (OVV)
A
-
23
Q
OVV
A
Overhead Volume Variance
24
Q
Job Order Costing
A
-
25
Process Costing
-
26
Equivalent Production
-
27
Process Costing Using the Weighted-Average Approach
-
28
Process Costing Using the FIFO Approach
-
29
Joint Products
-
30
By-Product
-
31
Joint Costs
-
32
Split-Off Point
-
33
Joint Product Costing
-
