 | Learning Objectives (See related pages)
Explain how direct materials standards and direct labor standards are set. |
 |  |  | Compute the direct materials price and quantity variances and explain their significance. |
 |  |  | Compute the direct labor rate and efficiency variances and explain their significance. |
 |  |  | Compute the variable manufacturing overhead spending and efficiency variances. |
 |  |  | Understand how a balanced scorecard fits together and how it supports a company's strategy. |
 |  |  | Compute delivery cycle time, throughput time, and manufacturing cycle efficiency (MCE). |
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