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22 Performance Evaluation Using Variances from Standard Costs

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Presentation on theme: "22 Performance Evaluation Using Variances from Standard Costs"— Presentation transcript:

1 22 Performance Evaluation Using Variances from Standard Costs
C H A P T E R Financial and Managerial Accounting 13e Warren Reeve Duchac human/iStock/360/Getty Images

2 Standard Cost for XL Jeans
©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3 Cost Variances ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

4 Budget Performance Report
©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

5 Manufacturing Cost Variances
©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

6 Direct Materials and Direct Labor Cost Variances
©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

7 Direct Materials Variance Relationships
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8 Direct Labor Variance Relationships
©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

9 Factory Overhead Cost Budget Indicating Standard Factory Overhead Rate
©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

10 Graph of Fixed Overhead Volume Variance
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11 Factory Overhead Cost Variance Report
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12 Factory Overhead Variances
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13 Variance from Standards in Income Statement
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14 Nonfinancial Performance Measures
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15 Relationship Between a Process and Its Inputs and Outputs
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16 Inputs / Outputs for a Fast-Food Restaurant
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