Managerial accounting
Accounting
Accounting
Fichier Détails
| Cartes-fiches | 49 |
|---|---|
| Langue | English |
| Catégorie | Finances |
| Niveau | Université |
| Crée / Actualisé | 04.07.2016 / 05.07.2016 |
| Attribution de licence | Non précisé |
| Lien de web |
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Total materials variance
(actual quantity x actual price) - ( standard quantity x standard price)
Materials price variance
(actual quantity x actual price) - ( actual quantity x standard price)
Materials quantity variance
(actual quantity x standard price) - ( standard quantity x standard price)
Total Labor variance
(actual hours x actual rate) - ( standard hours x standard rate)
Labor price variance
(actual hours x actual rate) - ( actual hours x standard rate)
Labor quantity variance
(actual hours x standard rate) - ( standard hours x standard rate)
Total overhead variance
(actual overhead) - (overhead applied at standard hours allowed)
in a standard cost accounting system, a company purchased raw materials on account for 46,500 when the standard cost was 44,000. the journal entry would not include a...
credit to materials price variance for 2,500
