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Standards
STANDARD COSTING
Padilla, Ira Kaye B.
Strategic Cost Management BSA 2A B42 Control Cost
Promote Efficiency One Way Factor
Title: Standard Costing Conceptual Framework
Actual Factory Overhead Applied Factory Overhead
Actual Costs > Standard Costs Fixed OH Rate Variable OH Rate Variable OH rate
Actual Budgeted Fixed @ Actual ×
× ×
Fixed OH Normal Capacity Variable OH Standard Hours
Standard Hours Actual Hours
Unfavorable Variance Fixed Spending Variance Volume Variance Variable Spending Variance Variable OH Efficiency Variance