Details Title: ACC Chapter 10 Description: Variances Total Flash Cards: 10 Created: 10/31/2007 08:18:57		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Accounting Flashcards
Cards in this set: Term Price Variance   Definition (AQ*AP) - (AQ*SP) = AQ(AP-SP) Term Quantity Variance Definition (AQ*SP) - (SQ*SP) = SP(AQ-SQ) Term Labor Rate Variance   Definition AH ( AR-SR ) Term Labor Effeciency Variance Definition SR (AH - SH) Term Variable Manufacturing Overhead Spending Variance (VMSV) Definition AH (AR - SR) Term Variable Manufacturing Overhead Efficiency Variance (VMEV) Definition SR (AH - SH) Term Delivery Cycle Time   Definition Wait time, process time, inspection time, move time, and queue time Term Throughput Time   Definition Process time, inspection time, move time, and queue time Term Manufacturing Cycle Efficiency Definition is Process time divided by throughput time Term Delivery Cycle Time Definition Wait time plus throughput time