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COST ACCOUNTING: STANDARD COSTING
START HERE! PLEASE READ.
How to efficiently utilize ERC Tutorials
Note from EASY REVIEW COURSES
INTRODUCTION TO STANDARD COSTING
Introduction
Price and Rate Variance (3:54)
Efficiency and Quantity Variance
SAMPLE PROBLEMS - Materials and Labor
Sample Problem 1 - Direct Material Price Variance (2:10)
Sample Problem 2 - Actual Purchase Price per unit (1:18)
Sample Problem 3 - Materials Quantity Variance (1:39)
Sample Problem 4 - Actual and Standard direct labor rate (1:35)
Sample Problem 5 - Standard direct labor cost per unit (1:49)
Sample Problem 6 - Total actual direct labor costs (2:28)
OVERHEAD VARIANCE
Overhead Variance
Sample Problem
EXERCISE PROBLEMS
Exercise Problems
Key to Exercise Problems
Sample Problem
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