Accounting > Study Notes > ACCOUNTING 403: STANDARD COST VARIANCE ANALYSIS (All)
ACCOUNTING 403: STANDARD COST VARIANCE ANALYSIS
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Standard Costing Control Loop 1. Establish standards 2. Measure actual performance 3. Compare actual performance with standard 4. Analyze the variances 5. Investigate the variances that are mater ... ial or significant in amount 6. Take corrective action when needed. This may include revision of standards MANAGEMENT BY EXCEPTION [Show More]
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