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Course Description

You need to quantify efficiency so you can tell whether a sacrifice in productivity in one area is outweighed by an improvement elsewhere. In this lesson, you'll discover how to quantify efficiency via a pro forma standard costing report and examine how to do so in a way that takes into account variances in direct labor, price, quantity, direct materials, variable overhead, and fixed overhead. You'll also explore the relationship between moral accounting principle and standard costing.

Benefits to the Learner

  • Identify methods to calculate differences between actual and standard costs
  • Investigate the use of variance crowns to quantify and visualize costs
  • Assess and improve efficiency using pro forma variance reports 
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Type
self-paced (non-instructor led)
Dates
Dec 01, 2023 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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