Solution-Calculate and interpret standard cost variances

Calculate and interpret standard cost variances

Assignment Help Managerial Accounting

Reference no: EM13500236

1. Describe and appraise the roles of management accounting in planning, control and decision-making.
2. Identify the major differences and similarities between financial and managerial accounting.
3. Using managerial accounting tools for planning and control, with particular emphasis on short term planning.
4. Explain the various costing systems used by organizations for control, planning and decision making and be able to calculate product costs using conventional and contemporary approaches to costing.
5. Identify the information needs and produce financial analyses for a range of decisions such as pricing, product mix and outsourcing.
6. Develop budgets and long-term financial plans.
7. Critically evaluate the role that standard costing plays in planning and control and be able to Calculate and interpret standard cost variances.
8. Apply management accounting techniques and knowledge of product costing and budgeting systems.

Reference no: EM13500236

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Calculate and interpret standard cost variances

Reference no: EM13500236

Reference no: EM13500236

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