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9 of 10 Managerial Accounting Basics - 9 Standard Costs and Variances

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Uploaded by on Nov 10, 2011

9 of 10 Managerial Accounting Video Lectures by Professor Bassell on this channel. A discussion of managerial accounting concepts by Professor Myles Bassell. Flexible budgets, standard costs, direct materials variance, price variance, and quantity variances is explained by Professor Bassell. Labor rate and efficiency variances are also explained and illustrated by Professor Bassell.

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  • Good clear example of showing the difference between variances among labor hours and rates.

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