COST MANAGEMENT

Accounting & Control

Hansen▪Mowen▪Guan

Chapter 9
Standard Costing: A Functional-
Based Control Approach
COPYRIGHT © 2009 South-Western Publishing, a division of Cengage Learning. 1
Cengage Learning and South-Western are trademarks used herein under license.
Variance Analysis :
Direct Materials

2
Standard Cost Sheets

3
Variance Analysis and Accounting:
Direct Materials and Direct Labor
Direct materials usage variances should be computed as
direct materials are issued into production.

4
Variance Analysis :
Direct Labor

5
Standard Cost Sheets

6
 Variance Analysis:
Variable Overhead Costs

7
Standard Cost Sheets

8
 Variance Analysis:
Variable Overhead Costs

9
 Variance Analysis:
Fixed Overhead Costs

10
Standard Cost Sheets

11
Variance Analysis: Overhead Costs

12
Variance Analysis: Overhead Costs

13
Variance Analysis: Overhead Costs

14
COST MANAGEMENT
Accounting & Control
Hansen▪Mowen▪Guan

End Chapter 9

COPYRIGHT © 2009 South-Western Publishing, a division of Cengage Learning. 15

Cengage Learning and South-Western are trademarks used herein under license.