Title: LESSON NINE: Variance Analysis
Course: BAC300: Management Accounting I (PEBL)

9.1 Introduction

This lesson will enable you to apply standard costing in evaluating financial performance

9.2 Lesson Learning Outcomes

At the end of this lesson, you will be able to:

1. Classify types of cost variances.
2. Compute cost variances.

Explain sales variances.