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Standard Costing

Prof. Smarjeet Das

Budget

Actual

Comparability

ANSWER

Recap..

Technical Terms

Types of Variances

Material Variance

EXAMPLE - 1

Conclusion

NOTE:-

EXAMPLE - 2

A. Material Cost Variance


B. Material Price Variance
C. Material Usages/ Utility Variance
D. Material Mix Variance
E. Material Yield Variance

MCV

MPV

MUV

MMV
MYV

RSQ = Revised Standard Quantity

How to Calculate RSQ?

Cross Check

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