... a credit variance.”Standard Variable Costs“The second exception involves so-called standard cost systems. In a typicalimplementation, the standard cost of a product, not the actual cost incurred, ... Costs5. Price Indices = Actual Unit Costs/Standard Costs6. Activity Indices = Actual Productivity Rate/Standard Productivity Rate.”COLLECTING STANDARDSAfter their coffee break, Jane and Tom shifted ... isentered into the work -in- process account. The difference between the stan-dard cost and the actual cost creates a variance in the actual accounts. Forexample, in the case of paper used, the inventory...