tailieunhanh - Lecture Managerial accounting (11E) - Chapter 10: Profit and cost center performance evaluation

This "Lecture Managerial accounting (11E) - Chapter 10: Profit and cost center performance evaluation" describes and discusses variance analysis, including providing detailed comparisons of the profits achieved with those budgeted. | Profit and Cost Center Performance Evaluation CHAPTER 10 © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. PowerPoint Presentation by LuAnn Bean Professor of Accounting Florida Institute of Technology Managerial Accounting 11E Maher/Stickney/Weil Chapter 10: Profit and Cost Center Performance Evaluation CHAPTER GOAL This chapter describes and discusses variance analysis, including providing detailed comparisons of the profits achieved with those budgeted. ☼ ☼ This chapter describes and discusses variance analysis, including providing detailed comparisons of the profits achieved with those budgeted. PROFIT VARIANCE ANALYSIS: Definition Shows the causes of total profit variance. LO 2 The profit variance analysis shows the causes of the total profit variance. . | Profit and Cost Center Performance Evaluation CHAPTER 10 © 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. PowerPoint Presentation by LuAnn Bean Professor of Accounting Florida Institute of Technology Managerial Accounting 11E Maher/Stickney/Weil Chapter 10: Profit and Cost Center Performance Evaluation CHAPTER GOAL This chapter describes and discusses variance analysis, including providing detailed comparisons of the profits achieved with those budgeted. ☼ ☼ This chapter describes and discusses variance analysis, including providing detailed comparisons of the profits achieved with those budgeted. PROFIT VARIANCE ANALYSIS: Definition Shows the causes of total profit variance. LO 2 The profit variance analysis shows the causes of the total profit variance. VARIANCES Why do variances exist? A budget is an estimate. Variances help explain why actual outcomes do not match those projected. Variances are calculated for materials, labor, fixed and variable manufacturing overhead. Variances are divided between Price variance Efficiency variance (Production volume variance for fixed manufacturing overhead) LO 3 Why do variances exist? The best explanation is that a budget is an estimate. Therefore, variances help explain why actual outcomes do not match those projected. Variances are calculated for materials, labor, fixed and variable manufacturing overhead. Variances are divided between: Price variance Efficiency variance (Production volume variance for fixed manufacturing overhead) REASONS FOR VARIANCE A variance is the difference between a predetermined norm or standard and actual results Standards may be biased Systematic reasons Change in prices More/less efficient use of inputs LO 3 Variances can occur for many reasons such as: 1. A .

• Kế toán - Kiểm toán
• Managerial accounting
• Lecture Managerial accounting
• cost center performance evaluation
• Performance evaluation
• Variance analysis
• Managerial accounting for managers
• Profitability analysis
• Decision making
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Kế toán quản trị
• Managerial accounting information
• General cost classifi cations
• Product costs
• Process costing
• Standard costing systems
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Lecture Financial and managerial accounting
• Financial statements
• Managerial decisions
• Financial accounting
• Dynamic business environment
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Capital budgeting decisions
• Time value of money
• Income taxes
• After tax cost