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