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Standard Costing 1. What are Standard Costs? Price Variance and Quantity Variance 1. Materials Variances Actual Standard Standard Material Cost P Q P Q P
| Standard Costing | ||||||||||
| 1. What are Standard Costs? | ||||||||||
| Price Variance and Quantity Variance | ||||||||||
| 1. Materials Variances | ||||||||||
| Actual | Standard | Standard Material Cost | ||||||||
| P | Q | P | Q | P | Q | Price: | 6 | |||
| Quantity: | 40 | |||||||||
| Actual Material Cost | ||||||||||
| QV | PV | Price: | 7 | |||||||
| Quantity: | 35 | |||||||||
| Total Variance | ||||||||||
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
