Work in Process Cost Variances
Work in Process provides usage, efficiency, and standard cost adjustment variances. Usage and efficiency variances result when the total costs charged to a job or schedule do not equal the total costs relieved from a job or schedule at standard. You can transaction the following types of variances:
- Resource and Outside Processing Efficiency Variance
- Move Based Overhead Efficiency Variance
- Resource Based Overhead Efficiency Variance
- Standard Cost Adjustment Variance
See Also
WIP Accounting Classes
Work in Process Standard Cost Variances
Viewing WIP Value Summaries
