STANDARD COSTING mcq cs cost mcq formula


Posted on 10-05-2016        By ADMIN

STANDARD COSTING mcq cs cost mcq formula cs executive cost and management accounting mcq Method one of reading:- Material:- Fixed Overheads Cost Variance = (1) – (5) b) Fixed Overheads Budgeted Variance = (4) – (5) c) Fixed Overheads Efficiency Variance = (1) – (2) d) Fixed Overheads Volume Variance = (1) – (4) e) Fixed Overheads Capacity Variance = (2) – (3) f) Fixed Overheads Calendar Variance = (3) – (4) Sales value variance:- Efficiency Ratio = Standard hours for actual output * 100 Actual hours worked 2) Capacity Ratio = Actual Hours Worked * 100 Budgeted Hours 3) Activity Ratio = Actual hours worked * 100 Budgeted Hours Verification: Activity Ratio = Efficiency * Capacity Ratio Profit method:- a) Total sales margin variance = (Actual Profit–Budgeted price) = {Actual quantity * Actual profit per unit}- {Budgeted quantity * Standard profit per unit} b) Sales margin price variance=Actual profit–Standard profit = {Actual Profit per unit – Standard profit per unit} * Actual quantity of sales c) Sales margin volume variance = Standard profit – Budgeted Profit = {Actual quantity – Budgeted quantity} * Standard profit per unit d) Sales margin mix variance = Standard profit – Revised Standard profit = {Actual quantity – Revised standard quantity} * Standard profit per unit e) Sales margin quantity variance = Revised standard profit - Budgeted profit = {Revised standard quantity – Budgeted quantity} * Standard profit per unit


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