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MS > Standard Costing > Flashcards

Standard Costing Flashcards

1
Q

Costs that are predetermined set by management for varios purposes

A

Standard costs

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2
Q

DM Variance

A

AQ x AP
AQ x SP
SQ x SP

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3
Q

DL Variance

A

AH x AR
AH x SR
SH x SR

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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

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MS (8 decks)

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