Principles of Accounting, 2002 Edition
Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College
Chapter Summaries
Chapter 25: Performance Measurement Using Standard Costing
Chapter 25 covers standard costing from the standardized of performance measurement. It introduces and calculates variances. It demonstrates how variance analysis can be used as a means of establishing and maintaining cost control.
