Setting Next Year

1
Setting Next Years Standard Cost
David Jones
2

Budget Year N1 3. Std Cost Year N1 9
Budget Year N Std Cost Year N
2. Need to predict what we can achieve here
-ve variance vs.Std cost
ve variance vs.Std cost
10
8
1. Need to review current variances vs. 2006
standard cost to get this point
Q1
Q2
Q3
Q4
Year N
Year N1
(End Q2, Beginning Q3 Implementation)
3
Std Cost Year N1 9.5
10
End Q3, Beginning Q4 Implementation
8
Q1
Q2
Q3
Q4
Year N1
Std Cost Year N1 8.5
End Q1, Beginning Q2 Implementation
10
8
Q1
Q2
Q3
Q4
Year N1