tailieunhanh - Lecture Cost management A strategic emphasis (14)

After studying this chapter you should be able to: Explain the essence of control systems in general and operational control systems in particular, explain the total operating-income variance for a given period, develop a general framework for subdividing the total operating-income variance into component variances,. | Chapter Fourteen Operational Performance Measurement Sales Direct-Cost Variances and the Role of Nonfinancial Performance Measures McGraw-Hill Irwin Copyright 2013 by The McGraw-Hill Companies Inc. All rights reserved. Learning Objectives Explain the essence of control systems in general and operational control systems in particular Explain the total operating-income variance for a given period Develop a general framework for subdividing the total operating-income variance into component variances Develop standard costs for product costing 14-2 Learning Objectives continued Record standard cost flows and associated variances in a standard cost system Discuss major operating functions and the need for nonfinancial-performance indicators .