University:
McMaster University
Course:
ACC 928 | Introductory Management Accounting
Academic year:

2022
Views:

96

Pages:

2
Author:

Sabrina S.

CH Flexible Budgets 13 Standard Costs Describe the difference Static Budget aka Hasier Budget It u prepared for one level of seks of volume Once developed, does not change Flexible Budget are summarized budgets prepared for different loss of whome Cont Calculate into the following Sales Volume variant difference between the slchic master budget Flaible budget Flonide Budget Vorence Afference bow flexible budget the actual reκευθε Standard quantity per output: Once managers has developed quantity & price standards, they calculate the standard cost of each input bis Quantity Standard Price mandard Standard cost impu Standard Dverhead allocated to production Standard as everhead rate shundord Far Variable arhad k fend overleed rasm standard overvend note Direct laber Pise varience Standard prick po Actual quantity of inp Direct inbor efficienty variance Actual quantity of input shanded quantity of put allowed For the of outputs X shined prius per et unit Direct materiale price vAFINALE input ant ) x Actual quaily of input