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Variance Analysis I Logo cgma

  Kaplan Publishing Limited |   $75.00 - 95.00 |   CPE: 3.5 |   AICPA |   Aug 2015 |   Business Mgmt. & Organization |   AICPA Store
Who Will Benefit?
  • Management accountants wanting to develop skills in financial performance management
  • CGMA exam candidates
Topics Discussed:
  • Standard costing and variance analysis
  • Sales variances
  • Direct material cost variances
  • Direct labor cost variances
  • Variable overhead variances
  • Fixed production overhead cost variances
  • Operating statement
  • Variance analysis using ABC costing
Learning Objectives

When you complete this course, you will be able to:

  • Calculate variances for materials, labor, overhead, and sales
  • Determine operating results based on standard costing methods, including the reconciliation of budgeted and actual profit margins
This CPE course is included in the 60+ hours of Financial Performance Management Program. It can also be purchased individually or as a part of Forecasting and Performance Evaluation.

This CPE course explores standard costing and variance analysis. It examines sales variances, including sales price variance, and sales volume variance. The course includes direct material cost variances, which shows the total difference in the amount spent on materials, which can be split into two further components, the materials price variance, and the materials usage variance. It also includes, the direct labor total cost variance, which shows the impact of an overall change in the amount spent on labor.  In addition, this course includes variable overhead variances, fixed production overhead cost variances, operating statements, and variance analysis using activity based costing.

Topics covered:
  • Management accounting: Technical: Cost accounting & management: Cost accounting, Foundational
  • Management accounting: Technical: Management reporting & analysis: Variance analysis, Foundational


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