Standard Costing, Variance Analysis and Kaizen Costing

Jun 13, 2012

740 likes | 1.46k Vues

16-2. Learning Objective 1. 16-3. benchmarks for measuring performance.. the expected level of performance.. used for planning laborand material requirements.. Standard costs are . . based on carefully predetermined amounts.. . . . . . Using Standard-Costing Systems for Control. 16-4. COST VARIANCE the differencebetween the actual cost andthe standard cost.

Share Presentation

Embed Code

Link

blake

Télécharger la présentation

Standard Costing, Variance Analysis and Kaizen Costing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

1. 16 Standard Costing,Variance Analysis and Kaizen Costing

Standard Costing, Variance Analysis and Management Cycle

Use standard costs to prepare budgets and establish goals for product costing. Calculate variances between standard and actual costs, determine their causes, identify inefficient operations, and take corrective action. Use variances to evaluate managers’ performance. .

812 views • 33 slides

STANDARD COSTING &VARIANCE ANALYSIS

STANDARD COSTING &VARIANCE ANALYSIS. MEANING. Standard cost is the pre determined cost which determines in advance what each product or service should cost under given circumstances. STEPS FOR STANDARD COSTING. Determination of Standard cost Recording Actual Cost

993 views • 28 slides

Chapter 9 Standard Costing and Variance Analysis

Chapter 9 Standard Costing and Variance Analysis. Fall 2007 Crosson. Learning Objectives:. Responsibility Accounting & Cost Centers Cost Performance Evaluation using Master and Flexible Budgets Standard Costing Basics for Cost Centers

1.35k views • 20 slides

Standard Costing and Variance Analysis

2. Lecture and Reading Objectives. Outline the nature and purpose of an operational control system and the role of budgets, standards and variances.Explain how standard costs are set and define basic, ideal and currently attainable standardsCompile flexible budgets and from these calculate labour,

1.07k views • 30 slides

More Standard Costing Variance Analysis

2. Fixed Overhead Variances. With Fixed Overheads we use BUDGETED fixed overheadsFixed Overheads are absorbed into units of outputTotal variance : Difference between actual fixed o'h and absorbed fixed o'h (ie under- or over- absorbed fixed o'h)Expenditure variance : difference between budgeted f

557 views • 42 slides

Standard Costing

Standard Costing. Standard Costing. A standard is understood to be a rule of measurement established by authority. An inch, an ounce, a gallon, a kilometer, a rupee--- is an example of a standard of measurement, established by duly constituted authority, accepted by all to whom it applies.

1.21k views • 19 slides

Chapter 7: Standard Costing and Variance Analysis

Chapter 7: Standard Costing and Variance Analysis. Cost Accounting: Foundations & Evolutions, 9e Kinney and Raiborn. Learning Objectives . Why are standard cost systems used? How are material, labor, and overhead standards set?

653 views • 21 slides

STANDARD COSTING

WEEK 2. STANDARD COSTING. LEARNING OBJECTIVES. Define standard cost Explain how standard are set Compute the standard cost of actual or equivalent units produced Compute standard cost variances for materials, labor and FOH. STANDARD COST.

478 views • 21 slides

Standard costing and variance analysis

CHAPTER 15. Standard costing and variance analysis. 15.1 a. Definition Standard costs are target costs for each operation that can be built up to produce a product standard cost. A budget relates to the cost for the total activity, whereas standard relates to a cost per unit of activity.

510 views • 24 slides

Chapter 7: Standard Costing and Variance Analysis

Chapter 7: Standard Costing and Variance Analysis. Cost Accounting Principles, 9e. Raiborn ● Kinney. Learning Objectives . Why are standard cost systems used? How are material, labor, and overhead standards set? How are material, labor, and overhead variances calculated and recorded?

2.68k views • 21 slides

Standard Costing

Standard Costing. Operation of a standard costing system Definition of Standard Cost Establishing cost standards Types of Standard Cost Why firms use standard cost system Standard Setting and Learning Curve Theory Strengths and Weaknesses of Standard Costing System.

4.14k views • 35 slides

Standard Costing, Variance Analysis and Management Cycle

594 views • 33 slides

STANDARD COSTING

STANDARD COSTING. SETTING STANDARDS AND ANALYZING VARIANCES. STANDARD COST. Karakteristik : a. Biaya yang telah ditentukan sebelumnya untuk memproduksi satu atau lebih unit selama suatu periode tertentu. b. Memiliki 2 komponen,yaitu :

376 views • 16 slides

Standard Costing and Variance Analysis

Standard Costing and Variance Analysis. 26. Standard Costing. OBJECTIVE 1: Define standard costs, and explain how standard costs are developed, and compute a standard unit cost. Standard Costing.

936 views • 59 slides

Standard Costing

Standard Costing. Definition of Standard and Standard Cost Types of Standard Cost Establishment of Standard Cost Standard Cost Setting and Learning Curve Strengths and Limitations of Standard Costing System Standard Costing and Variance Analysis. Definitions. Standard cost

1.41k views • 23 slides

Chapter 7 Standard Costing and Variance Analysis

Cost Accounting Foundations and Evolutions Kinney, Prather, Raiborn. Chapter 7 Standard Costing and Variance Analysis. Learning Objectives (1 of 2). Describe how standards are set for material, labor, and overhead

1.1k views • 22 slides

Standard Costing & Variance Analysis Topic Two (2)

Standard Costing & Variance Analysis Topic Two (2). Why Standard Cost Systems Are Adopted. Standard costing systems enhance planning and control and improve performance measurement. Standard costing systems facilitate product costing. Cost Assignment Approaches. Direct Direct

601 views • 31 slides

Standard Costing and Variance Analysis

Standard Costing and Variance Analysis. Operation of a Standard Costing System Setting of Standards Definition of Standard Cost Types of Standard Costs Standard Cost Setting and Learning Curve Advantages of Standard Costing System. Standard Costing and Variance (cont.).

2.53k views • 54 slides

Standard Costing, Variance Analysis and Kaizen Costing

16. Standard Costing, Variance Analysis and Kaizen Costing. Learning Objective 1. Standard costs are. Using Standard-Costing Systems for Control. based on carefully predetermined amounts. used for planning labor and material requirements. the expected level of performance.

1.48k views • 73 slides

Standard Costing and Variance Analysis

Standard Costing and Variance Analysis. Acc 2203 workshop Sindhu bala. Variances. Managers use variance analysis to compare actual results with expected results and to investigate why actual results differ from expectations for performance evaluation purposes.

620 views • 26 slides

STANDARD COSTING

330 views • 16 slides

More Related

Standard Costing, Variance Analysis and Kaizen Costing

Standard Costing, Variance Analysis and Kaizen Costing

Presentation Transcript

Standard Costing, Variance Analysis and Management Cycle

STANDARD COSTING &amp;VARIANCE ANALYSIS

Chapter 9 Standard Costing and Variance Analysis

Standard Costing and Variance Analysis

More Standard Costing Variance Analysis

Standard Costing

Chapter 7: Standard Costing and Variance Analysis

STANDARD COSTING

Standard costing and variance analysis

Chapter 7: Standard Costing and Variance Analysis

Standard Costing

Standard Costing, Variance Analysis and Management Cycle

STANDARD COSTING

Standard Costing and Variance Analysis

Standard Costing

Chapter 7 Standard Costing and Variance Analysis

Standard Costing &amp; Variance Analysis Topic Two (2)

Standard Costing and Variance Analysis

Standard Costing, Variance Analysis and Kaizen Costing

Standard Costing and Variance Analysis

STANDARD COSTING

STANDARD COSTING &VARIANCE ANALYSIS

Standard Costing & Variance Analysis Topic Two (2)