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MOD 3 SMA, C - VARIANCE ANALYSES & CONTROL pg 209 - Coggle Diagram
MOD 3 SMA
C - VARIANCE ANALYSES & CONTROL
pg 209
STATIC vs FLEXIBLE BUDGETS
pg 209
eg 3.8 - comparing actual results with the static budget forecast - budgeted quantities exceed actual quantities pg 210
eg 3.9 - developing a flexible budget - actual & budgeted prices are equal pg 210
eg 3.10 - comparing actual results with the static budget forecast - actual quantities exceed budgeted quantities pg 211
eg 3.11 - developing a flexible budget - actual & budgeted prices are different pg 211
eg 3.12 - developing a flexible budget - actual & budgeted quantities used per unit are different pg 211
eg 3.13 - developing a flexible budget - actual & budgeted quantities per unit are different pg 212
PROFIT & REVENUE RELATED VARIANCES
pg 212
eg 3.14 - calculating sales volume variance pg 213
eg 3.15 calculating selling - price variance pg 213
fig 3.5 - possible explanations for inc or dec in selling prices pg 214
DIRECT MATERIAL ANALYSIS
pg 215
eg 3.16 calculating the direct material flexible budget variance pg 215
fig 3.6 calculations of price and efficiency variance pg 215
eg 3.17 calculate the direct material price variance pg 216
eg 3.18 calculate the direct material efficiency variance pg 216
DIRECT LABOUR ANALYSIS
pg 217
eg 3.19 calculating direct labour flexible budget variance pg 217
eg 3.20 calculating the direct labour price variance pg 217
eg 3.21 calculating the direct labour efficiency variance pg 217
VARIABLE MANUFACTURING OH ANALYSIS
pg 218
eg 3.22 calculating the flexible budget variance for variable overhead costs pg 219
eg 3.23 calculating the variable overhead costs spending variance pg 219
eg 3.24 calculating the variable overhead costs efficiency variance pg 219
eg 3.25 favourable & unfavourable variances pg 220
Fig 3.7 Possible reasons for variances pg 221
FIXED MANUFACTURING OH ANALYSIS
pg 221
eg 3.26 calculating the spending variance for fixed manufacturing overhead costs pg 222
eg 3.27 calculating the production volume variance for fixed overhead costs pg 223
eg 3.28 implementing improvements informed by variances pg 224