ACC 349 Wk 5 Discussion - Variances

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ACC 349 Wk 5 Discussion – Variances

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Thursday

Respond to the following in a minimum of 175 words:

Organizations determine standard costs for labor, materials, and overhead. Discuss variances for labor, materials, and overhead. How do these variances differ from the standard costs? How is each computed? Why is calculating variances useful to an organization?

Due Monday

Post 2 replies to classmates or your faculty member. Be constructive and professional.