Standard Cost and Variance Analysis

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    Chapter 16 Standard Cost and Variance Analysis ( 15 videos)

      16.1: Standard Cost
      What is Standard Cost? Usefulness of Standard Cost
    1. What is Standard Cost? Usefulness of Standard Cost
      2. Setting Direct Material, Labor and Overhead Standards
    2. Setting Direct Material, Labor and Overhead Standards
      16.2: Variance Analysis
      What is Variance Analysis? How is it Useful?
    1. What is Variance Analysis? How is it Useful?
      16.3: Determining Standard Cost Variances
      Material Price and Quantity Variance
    1. Material Price and Quantity Variance
      2. Problem 01: Material Price and Quantity Variance
    2. Problem 01: Material Price and Quantity Variance
      3. Labor Rate and Efficiency Variance
    3. Labor Rate and Efficiency Variance
      4. Problem 02: Labor Rate and Efficiency Variance
    4. Problem 02: Labor Rate and Efficiency Variance
      5. Overhead Variances
    5. Overhead Variances
      6. Problem 06: Overhead Variances
    6. Problem 06: Overhead Variances
      7. Other Variances
    7. Other Variances
      8. More on Other Variances
    8. More on Other Variances
      9. Problem 04:Other Variances
    9. Problem 04:Other Variances
      16.4: Operating Performance Measures
      Reconciliation of Standard and Actual Cost Statement
    1. Reconciliation of Standard and Actual Cost Statement
      2. profit reconciliation under marginal and absorption costing
    2. profit reconciliation under marginal and absorption costing
      3. More on profit reconciliation under marginal and absorption costing
    3. More on profit reconciliation under marginal and absorption costing