Managerial Accounting

  1. Standard Costs and Variance Analysis
    1. Standard Cost Systems
      1. Purpose and Benefits
        1. Types of Standards
          1. Ideal Standards
            1. Practical Standards
            2. Setting Standards Process
            3. Direct Materials Standards
              1. Materials Price Standards
                1. Factors Affecting Price
                  1. Standard Price Determination
                  2. Materials Quantity Standards
                    1. Engineering Studies
                      1. Historical Data Analysis
                        1. Standard Quantity Determination
                      2. Direct Labor Standards
                        1. Labor Rate Standards
                          1. Wage Rate Determination
                            1. Fringe Benefits Inclusion
                            2. Labor Efficiency Standards
                              1. Time and Motion Studies
                                1. Standard Hours Determination
                              2. Variable Manufacturing Overhead Standards
                                1. Variable Overhead Rate Standards
                                  1. Variable Overhead Efficiency Standards
                                  2. Variance Analysis Model
                                    1. General Variance Formula
                                      1. Price Variance Components
                                        1. Quantity Variance Components
                                          1. Favorable vs Unfavorable Variances
                                          2. Direct Materials Variances
                                            1. Materials Price Variance
                                              1. Calculation Formula
                                                1. Responsibility Assignment
                                                  1. Timing of Calculation
                                                  2. Materials Quantity Variance
                                                    1. Calculation Formula
                                                      1. Responsibility Assignment
                                                        1. Causes of Variances
                                                      2. Direct Labor Variances
                                                        1. Labor Rate Variance
                                                          1. Calculation Formula
                                                            1. Responsibility Assignment
                                                              1. Common Causes
                                                              2. Labor Efficiency Variance
                                                                1. Calculation Formula
                                                                  1. Responsibility Assignment
                                                                    1. Common Causes
                                                                  2. Variable Manufacturing Overhead Variances
                                                                    1. Variable Overhead Rate Variance
                                                                      1. Calculation Formula
                                                                        1. Analysis and Interpretation
                                                                        2. Variable Overhead Efficiency Variance
                                                                          1. Calculation Formula
                                                                            1. Relationship to Labor Efficiency
                                                                          2. Fixed Manufacturing Overhead Variances
                                                                            1. Budget Variance
                                                                              1. Volume Variance
                                                                              2. Variance Investigation and Reporting
                                                                                1. Materiality Guidelines
                                                                                  1. Management by Exception
                                                                                    1. Variance Reports
                                                                                    2. Standard Costing Evaluation
                                                                                      1. Advantages of Standard Costing
                                                                                        1. Limitations and Criticisms
                                                                                          1. Behavioral Considerations

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                                                                                        7. Master Budgeting

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                                                                                        9. Performance Measurement and Responsibility Accounting