Types of variances, Cost Accounting

TYPES OF VARIANCES

Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance

1. Direct labour variance

2. Direct material variance and

3. Overhead variance

Posted Date: 10/15/2012 7:22:36 AM | Location : United States







Related Discussions:- Types of variances, Assignment Help, Ask Question on Types of variances, Get Answer, Expert's Help, Types of variances Discussions

Write discussion on Types of variances
Your posts are moderated
Related Questions
The next year's budget for Benny, Inc., is given below: Product 1 & 2 Sales $945,000 & 688500 Variable costs 459,900 & 297,000 Fixed costs 300

Imagine a world in which there are only two investment assets: Hasbro Inc. Stock (HAS) and McDonalds stock (MCD). The table below lists annual total returns (%) for each of the las

Imperial Sandwich Plc is to be established shortly. The founders are considering their options with regard to capital structure. A total of £5 m will be required to establish the b

Distinction between Absorption and Marginal Costing These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference

Determine Profit in Long-Term To demonstrate the point about profit in the long-term, let us assume that a company sells and makes a single product.  There are no opening stoc

Differentiate between Multiple Products, Selling Costs and Margin Management


budget preparation

Facts:   James (age 58, SS# 123-34-4439) and Martha (age 56; SS# 233-23-9050) Williams are married. James works at a major retailer as manager of the early shift. Martha is a nu

Incremental Costs as Relevant Costs An incremental cost is specifically incurred with the following a course of action and ignorable if such action is not implemented. It cont