Standard Costing And Variance Study – Management Accounting

Last updated 9/2021
MP4 | Video: h264, 1280×720 | Audio: AAC, 44.1 KHz
Language: English | Size: 7.46 GB | Duration: 6h 30m
Professionally designed course for CA/CS/CWA/ACCA or Any other University student to get Best Knowledge.

What you’ll learn
Calculation of All Kinds of Variance in Standard Costing
All Material, Labour and Overhead Variances
Systematic Charts in Excel for Visualization of Variances
Practice Exercise of Each and Every Variance
For CA/CS/CWA/ACCA and any University Student around globe
Requirements
Laptop or Mobile to Watch Video Lectures
Description
This is the Best Designed course for Students to learn Standard Costing. In these Sessions I have put my 6+ Years of experience of Standard Costing and created the best possible course for your understanding.These sessions are designed in the following manner:Firstly, you shall learn about the Concepts in a colorful Blackboard (Please see preview)Secondly, you shall be shown Excel Visualization charts for same concept to make that concept more clearer for you.Lastly, You shall be tested for those concepts through practical assignment, quiz or questions. The Content of This course shall cover following Major Variances:1. Material Variance (All) – Cost, Usage, Price, Mix and Yield Variances2. Labour Variances (All) – Cost, Efficiency, Rate, Mix and Sub-usage Variances3. Variable Overhead Variances (All) – Cost, Expenditure and Efficiency Variances4. Fixed Overhead Variances (All) – Cost, Volume, Expenditure, Capacity, Calendar and Efficiency Variances 5. Any Other Variances (If needed, Shall be updated further)Buy the course, I am sure that you will be satisfied. But still if not satisfied then as per Udemy Policy, you can claim 100% refund. Also If you have any doubts, you can message me and I shall solve that doubt within 48 hours so that we can improve upon that. If you have some question your textbook which you did not understood, you can share that image with me so that I can response you appropriate reply.
Overview
Section 1: Standard Costing and Variance Analysis – Management Accounting
Lecture 1 Introduction About Standard Costing
Lecture 2 Organizations’ Where Standard Costing System is Used
Lecture 3 Difference between Standards and Budgets
Lecture 4 Setting Direct Material Standards
Lecture 5 Setting Direct Labour Standards
Lecture 6 Setting Overheads Standards
Lecture 7 Total Cost Variance Chart and Structure
Lecture 8 Material Price Variance
Lecture 9 MS Excel Chart Visualization -Material Price Variance
Lecture 10 Material Usage Variance
Lecture 11 Excel Chart Visualization – Material Usage Variance
Lecture 12 Total Material Cost Variance
Lecture 13 Material Cost Variance – Direct Calculations
Lecture 14 Direct Labour Rate Variance
Lecture 15 Excel Chart Visualization – Direct Labour Rate Variance
Lecture 16 Understanding Total Standard Hours Produced
Lecture 17 Direct Labour Efficiency Variance
Lecture 18 Excel Chart Visualization – Direct Labour Efficiency Variance
Lecture 19 Total Direct Labour Cost Variance – Direct Calculations
Lecture 20 Variable Overhead Expenditure Variance
Lecture 21 Excel Chart Visualization – Variable OH Expenditure Variance
Lecture 22 Variable Overhead Efficiency Variance
Lecture 23 Excel Chart Visualization – Variable OH Efficiency Variance
Lecture 24 Total Variable Overhead Cost Variance
Lecture 25 Total Variable Overhead Cost Variance – Direct Calculations
Lecture 26 Important : Summarizing Material, Labour and Overhead Variance Formula’s
Lecture 27 Fixed Overhead Volume Variance – Part 1
Lecture 28 Fixed Overhead Volume Variance – Part 2
Lecture 29 Fixed Overhead Volume Variance – Part 3
Lecture 30 Excel Chart Visualization – Fixed Overhead Volume Variance
Lecture 31 Fixed Overhead Volume Variance – Part 4
Lecture 32 Excel Chart Visualization – Alternative – Method Fixed Overhead Volume Variance
Lecture 33 Fixed Overhead Expenditure Variance
Lecture 34 Excel Chart Visualization – Fixed Overhead Expenditure Variance
Lecture 35 Total Fixed Overhead Cost Variance
Lecture 36 Introduction to Advance Variances
Lecture 37 Material Mix Variance Part 1
Lecture 38 Material Mix Variance Part 2
Lecture 39 MS Excel Chart Visualization -Material Mix Variance
Lecture 40 Material Yield Variance
Lecture 41 MS Excel Chart Visualization -Material Yield Variance
Lecture 42 Reconciling all Material Variances
Lecture 43 Labour Mix Variance Part 1
Lecture 44 Labour Mix Variance Part 2
Lecture 45 Excel Chart Visualization – Direct Labour Mix Variance
Lecture 46 Labour Yield Variance
Lecture 47 Excel Chart Visualization – Direct Labour Yield Variance
Lecture 48 Reconcing Labour Variances
Lecture 49 Fixed Overhead Efficiency Variance
Lecture 50 Fixed Overhead Calendar Variance
Lecture 51 Fixed Overhead Capacity Variance
Beginners – For those who have Never studied Standard Costing will understand each and every concept,Intermediate – For those Students who have studied from their College/University/Institute and Still did not understood concepts there.,Experts – For those students who have knowledge and want to Polish that in a quick revision manner

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