# Flexible Budgets, Standard Costs, & Variance Analysis

### Description

Managerial & value accounting instruments

The course will introduce managerial accounting subjects that can be used all through the course, contrasting managerial accounting to monetary accounting in order that we’re within the appropriate mindset as we transfer ahead.

We are going to talk about versatile budgets, contrasting versatile budgets with static or mounted budgets, demonstrating the advantages of versatile budgets and the way they can be utilized. We are going to work instance issues associated to versatile budgets and supply step-by-step tutorial movies to use the ideas.

The course will outline and analyze customary prices and price variance evaluation, giving an outline of value variance evaluation ideas that we are going to go into extra element on in later sections.

We are going to clarify gross sales variance evaluation, discussing when it may be used, and methods to calculate gross sales variances. We are going to present instance issues and step-by-step tutorial movies so we will apply what we be taught.

The course will cowl direct supplies variance evaluation, exhibiting what it’s, methods to use it, and methods to calculate direct supplies variance evaluation. We are going to reveal the ideas listed utilizing tutorial movies and utilizing instance issues together with step-by-step tutorial movies to finish them.

We are going to talk about direct labor variance evaluation, demonstrating what it’s, and the way direct labor variance analyst is used. We are going to reveal the ideas with tutorial movies and supply instance issues and step-by-step tutorial movies to finish them.

The course will talk about overhead variance evaluation. We are going to describe why it’s used and methods to calculate overhead variance evaluation. We are going to present demonstration shows and instance issues with step-by-step tutorial movies to assist full them.

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We will even embody a complete drawback on overhead variance and a complete drawback on variance evaluation. The excellent issues will present preformatted Excel worksheets that we will fill out together with step-by-step tutorial movies. The Excel worksheets will usually have two or three tabs, one tab having the finished drawback, the second tab having a preformatted Excel worksheet to work by way of the issue in a step-by-step format with tutorial movies, and the third tab with a clean sheet that we will use to format our personal Excel worksheet.

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