Accounting for Management

Explanations, Exercises, Problems and Calculators

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Standard costing and variance analysis

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Exercise-1 (Computation of materials price and quantity variance)

Exercise-2 (Materials and labor variance, causes of variances)

Exercise-3 (Labor and variable overhead variances)

Exercise-4 (Materials price and quantity variance; labor rate and efficiency variance)

Exercise-5 (Working backward from materials and labor variances)