Details

Title: ACC Chapter 10

Description: Variances

Total Flash Cards: 10

Created: 10/31/2007 08:18:57

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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