Accounting for Management

Explanations, Exercises, Problems and Calculators

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Standard costing and variance analysis

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Problem-1 (Materials, labor and variable overhead variances)

Problem-2 (Variance analysis; journal entries)

Problem-3 (Computation of actual hours worked by working backward)

Problem-4 (Materials and labor variances; computations from incomplete data)

Problem-5 (Comprehensive variance analysis, complex computations)