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
Direct Materials Budget This budget implies the estimated quantities and costs of every the raw materials and components desired for the output demand by the production budget

Conan O'Brien Logging and Lumber Company owns 3,300 acres of timberland on the north side of Mount Leno, which was purchased in 2000 at a cost of $650 per acre. In 2012, O'Brien be

cite some example on how to to calculate variable cost

format of manufacturing,tradind,p/l a/c

using the high low method how do i calculate the costs that are expected when the output expected is out of the range given for example cost prdctn volume 110000

traditional budgeting systems are incremental in nature and tend to focus on cost centres..explain the weakness of the incremental budgeting system and explain ways of adressing th

Atkinson's Reliable Tools makes two products that use similar raw materials: #587Q and #253X. Estimated production needs for a unit of each product follows. #587Q #253X Steel (in p

Operation and Design of Cost Accounting Systems A number of features should be taken into account previously to finalizing the design of a cost and management accounting syste

I need an example for Lilo,Fifo, and weighted average method for a year. Jan.begining inventory, purchases in Feb., April, July, October, and November. Can you help me with this?

An investment alternative in a project requires a capital cost of $102 millions completed at time zero. The investment will produce a stream of revenue of $50 millions per year ove