A search engine of every*online CPE course.

Variance Analysis II

Provided by:

Course Description

This CPE course is included in the 60+ hours of Financial Performance Management Program .It can also be purchased individually or as a part of Forecasting and Performance Evaluation Variances arise naturally in standard costing because a standard cost is a long term average cost. In any period, actual costs may be higher or lower than standard costs, but in the long run, these should cancel out if the process is under control. This CPE course explores variance investigation, including when a variance should be investigated. It explains different interpretations of variances as well as possible interdependence between variances. In addition, it includes the controllability principle, standard costing in the modern manufacturing environment as well as McDonaldization. The course also explores advanced material variances, how to calculate mix and yield variances, advanced labor variances, planning and operational variances, causes of planning variances, as well as the benefits and problems of planning variances. Topics Discussed: Variance investigation Interpretation of variances The controllability principle Standard costing in the modern manufacturing environment McDonaldization Advanced material variance mix and yield Advanced labor variance mix and yield Planning and operational variances

Ratings and Reviews

To review this course, please login.

Please Review This Course

Overall Quality

Instructor

Usefulness

150 Characters Minimum

Submit
Course Information

Overall Quality

(0)

Instructor

(0)

Usefulness

(0)
Add to Transcript Write Review

Learning Format 4.0 Hours
Self-Study / On-Demand

Credit Type(s)
Business Mgmt & Org

Knowledge Level
Intermediate