اذهب الي المحتوي

Part 2 – Section D.1. Cost and variance measures


المشاركات الموصى بها

???? recognize that performance against operational goals can be measured by a variety of methods including measures based on revenue, manufacturing costs, non-manufacturing costs, and profit depending on the type of center or unit being measured ???? recognize that performance evaluation measures should be directly related to the factors that drive the element being measured, e.g., cost drivers and revenue drivers ???? prepare a performance analysis by comparing actual results to the master budget and calculating favorable and unfavorable variances from budget ???? identify the benefits and limitations of measuring performance by comparing actual results to the master budget ???? prepare a flexible budget based on actual sales (output) volume ???? determine the sales-volume variance and the sales-price variance by comparing the flexible budget to the master (static) budget ???? determine the flexible-budget variance by comparing actual results to the flexible budget ???? investigate the flexible-budget variance to determine individual differences between actual and budgeted input prices and input quantities ???? define a standard cost system and identify the reasons for adopting a standard cost system ???? demonstrate an understanding of price (rate) variances and calculate the price variances related to direct material and direct labor inputs ???? demonstrate an understanding of efficiency (usage) variances and calculate the efficiency variances related to direct material and direct labor inputs ???? demonstrate an understanding of spending and efficiency variances as they relate to fixed and variable overhead ???? recognize the significance of a sales-mix variance and its impact on revenue and contribution margin ???? demonstrate an understanding that the efficiency (usage) variances can be further analyzed as mix and yield variances ???? recognize that a mix variance results from using direct material and/or labor inputs in a ratio that differs from standard specifications and calculate a mix variance ???? recognize that a yield variance results because the yield (output) obtained differs from the one expected on the basis of input and calculate a yield variance ???? analyze variances, identify causes, and recommend corrective actions

 

" وَقُلْ رَبِّ زِدْنِي عِلْمًا "

Abdelhamid M

Auditor

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