McGraw-Hill OnlineMcGraw-Hill Higher EducationLearning Center
Student Center | Instructor Center | Information Center | Home
Chapter 4 FIFO Supplement
How's Your Math?
Net Tutor
Text Updates
Exhibits From the Text
Sample Supplements
Links to Real World Companies
Grade Summit
Learning Objectives
Chapter Outline
PowerPoint Presentations
Practice Exams
Multiple Choice Quiz
Internet Exercises
Alternate Problems
SPATS
Excel Spreadsheets
Feedback
Help Center


Managerial Accounting
Introduction to Managerial Accounting
Jeannie M. Folk
Ray H. Garrison
Eric Noreen
Standard Costs

Learning Objectives

After studying Chapter 8, you should be able to:

1

Explain how direct materials standards and direct labor standards are set.

2

Compute the direct materials price and quantity variances and explain their significance.

3

Compute the direct labor rate and efficiency variances and explain their significance.

4

Compute the variable manufacturing overhead spending and efficiency variances.

5

(Appendix 8A) Prepare journal entries to record standard costs and variances.




McGraw-Hill/Irwin




Copyright2002 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.