PPT-Determine Cause of Variances Between Expected and Actual

Army G1 Case Intermediate Cost Analysis and Management 1 124 People Cost 2 Terminal Learning Objective Task Determine Cause of Variances Between Expected and Actual Results Condition . AS Business Studies. Aims & Objectives. Aim:. Understand variance analysis. Objectives:. Define variance analysis. Explain the causes of variance. Analyse managerial reactions to variance analysis. ©2015. University . of North Florida. All rights reserved. . Manufacturing Overhead Variances. Managerial Accounting. Prepared by Diane Tanner. University of North Florida. Chapter 46. Flexible Budget Overhead. ©2015. University . of North Florida. All rights reserved. . Direct Material . Variances. Managerial Accounting. Prepared by Diane Tanner. University of North Florida. Chapter 45. Causes of Material Variances. Standard Costing and Variances. Standard Cost Systems. Benchmarks for. measuring performance.. The expected level. of performance.. Based on carefully. predetermined amounts.. Used for planning labor, material,. 7. Flexible Budgets,. Direct-Cost Variances,. and Management Control. Basic Concepts. Variance. . difference between an actual and an expected (budgeted) amount. Management by Exception . the practice of focusing attention on areas not operating as expected (budgeted). ©2015. University . of North Florida. All rights reserved. . Direct Labor Variances. Managerial Accounting. Prepared by Diane Tanner. University of North Florida. Chapter 44. Causes of Labor Variances. Why estimate genetic variances?. Single factor mating designs. PBG 650 Advanced Plant Breeding. Why estimate genetic variances?. New crop species. ensure adequate genetic variance for selection. determine appropriate type of cultivar. TH. QUARTER. Sell in 4. th. quarter:. 70,000 pants. 25,000 jerseys. 9,000 award jackets. Control inventory. Manage cash. WHAT’S UP?. C&C sold more award jackets than budgeted. Managers thought that would be a good thing.. Performance Evaluation. © 2015 McGraw-Hill Education.. An accounting system that. provides information . . . . Responsibility Accounting. Relating to the. responsibilities of. individual managers.. Intermediate Cost Analysis . and Management. © . 1. What Does it Mean??. 37. Best in class. or worst?. 37 out of 100? or. 37 out of 37?. Better than last score or worse?. Disappointed or elated?. © . using the Reconciliation . Format. Principles of Cost Analysis and Management. 1. Could the Battle of the Bulge Have Been Won if All Battle Maps of Ardennes Forest Looked Like This?. 2. Terminal Learning Objective. Intermediate Cost Analysis . and Management. 1. 7.4. Why So Much?. 2. Terminal Learning Objective. Action: . Calculate . Spending and Efficiency . Variances . Condition: . You are training to become an ACE with access to ICAM course handouts, readings, . Learning Objectives. Explain . standard costs and how they . are . set. Compute the direct materials price and quantity variances and explain their significance. Compute the direct labor rate and efficiency variances and explain their significance. 8/1/12. Module 1: Session 6. 1. Introduce the concept of budgetary planning and control. Influence attitudes from incremental to zero or activity based budgeting.. Demonstrate the basic application of variances and variance analysis e.g. Total,...