MA36 - Direct Labor Rate and Efficiency Variances
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- Опубликовано: 10 сен 2024
- Go to: www.accountingw... to download the problems.
Module 9 examines variances. We learn to compute and interpret materials, labour, variable overhead and fixed overhead variances.
We also learn about Flexible Budgeting.
thank you u just save me from failing the exam
excelente mi hermano!! Gracias saludos desde Mexico.
¡Muchas gracias! Un placer ayudarte. ¡Saludos desde Canada y que tengas un excelente día!
For the formulas wouldnt it be easier to just combine them? Like for Direct labour rate (SR - AR)*AH, standard rate minus actual rate by actual hours
That certainly works - and as long as you are getting the correct answer, it's all good! Some folks prefer formulas, I like the visual table as shown in the vid, but they should both be ok.
Appreciate the video, very helpful
@TRUTonyBell - here are the learning objective from my text book
Assign manufacturing overhead (MOH) fixed costs, then calculate and analyze flexible-budget variances.2. Establish variable overhead cost-allocation rates; calculate and analyze flexible-budget variances.3. Calculate activity-based cost (ABC) overhead variances.4. Integrate the fixed and variable overhead cost variance analyses to reconcile the actual overhead incurred with overhead allocated.5. Analyze non-manufacturing variances.
this learning obj from ch 8
@TRUTonyBell
Learning objective from Ch 7 - do you have available recording video explain below
Distinguish between a static budget and a flexible budget.2 Develop Level 2 flexible budgets, and calculate flexible-budget and sales-volume variances.3 Develop Level 3 rate and efficiency variances for direct manufacturing costs.4 Undertake variance analysis in activity-based costing systems.5 Describe how managers use variance analysis.6 Appendix 7A: Distinguish among standards, budgets, and benchmarks.7 Appendix 7B: Distinguish between Levels 3 and 4 variance analysis for substitutable inputs, and calculate Level 4 direct mix and yield variances.
@TRUTonyBell i am looking for chapter 7 & 8 flexible budgets , variances and management control for DM - DML & VMOH & FMOH - rat variance and efficiency variance (Cost managerial 9
Canadian edition)
My textbook for school shows that in this problem, SP should have been (4DL hrs x $15DL cost)= 60. Why did you use $15 for SP instead of finding the DL cost per unit like my textbook suggested?
When I do SP, I do SP per hour. Your school text is doing SP per unit. So I suspect your text and I are talking about different things - your text might refer to the $15 as SR? (Standard Rate?)
@@Tony-Bell my text is saying this: SP= (4hrs x $15) = 60. DL Eff. is (700 x $60) - (640 x $60)= 3600U.
@@Tony-Bell the only issue I am having is the text questions aren't specifically asking for per hour or per unit
@@brotherbirdskin I do find that odd - A quick googling seems to unearth that most of the examples out there are done the way I've done it - but I'd ask your instructor!