ACCA F5 题型归类--variance

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1、Generalstandardcosting1.outlinetheuseofstandardcostinglstandardcostingisusefulwherethereisasignificantdegreeofrepetitionintheproductionprocess.Thisisbecausethestandardcostsareaverages.lValuationofinventoriesandcostsofproductionforreportingpurposeslProvideanexcellentbasiswhichenablescost

2、stobemonitored,reviewedandcontrolledbymanagementlEnabletheexceptionreportingthroughtheuseofvarianceanalysistocontrolcostswithalowerdegreeofeffortandlesstimelAssistinginthebudgetingprocesslEstablishagoodbasistoevaluatemanagerialperformancelMotivationofstaffbysettingdemandingandachievable

3、standards–attainablestandardslImprovingefficiency.Standardsettingisoftenviewedasawayofunderstandingthedetailofobjectivesandprocesses.Ifstandardsareanaccuratereflectionofaprocess,thentheycanbeusedtohighlightwaysofimprovingefficiencyandactassignalswhentheprocessbecomesinefficient.【compari

4、son–correctiveactions】2.discussthereasonswhystandarshavetobereviewedloncestandardshavebeenset,theycannotbeassumedtobeaccurateoverlongperiodsoftime.standardshavetobereviewedtoenablethebenefitsofstandardcostingtocontinue.lForexample,inenvironmentswhichcontinuouslyseekgreaterefficiencyandr

5、educedcostsofproduction,standardshavetochangetoreflectsuchimprovements.lInafast-movingenvironment,standardscanveryquicklybecomeoutofdate.lMoverover,otherpurposesofstandardsareundermined,iftheyarenotcontinuallyreviewed:lThemotivationalimpactofstandardslAssessmentofmanagerialperformancelR

6、eportingprocedureslThecredibilityofstandardsintheirroleinassistingwiththebudgetsettingIBudgetandStandards:standardscanbeusedinthesebudgets--IParticipationandimposedbudgets;incrementalbudget;fixedbudget;IRollingbudget,ZBBandABBhavedifferentkindofstandards3.examinetheimpactoftheoperationa

7、lchangesontheprofitabilityofthecompanyloperationalchanges:improvethematerials’qualitybychangingthesuppliers;increasethesellingprice;introducemoreskilledlabour;significantlyreducefixedoverheadslbymaximisingachievement,staffmaybemotivatedtoperformbetterwithanasipirationsbudget【di