FORM 8

Daily Cost Record Form
DATE MILL
SPECIES PRODUCTION PERIOD
  $ per MBF
  Standard Actual Variance
Average Revenue/MBF      
Less: Selling Cost/MBF      
Net Revenue/MBF      
Less: Log Cost/MBF      
Labor Cost/MBF      
Variable Overhead/MBF      
Total Variable Cost/MBF.      
Contribution Margin/MBF.      
INSTRUCTIONS:

  1. Enter the standard revenue and costs for the species from the ANNUAL PRODUCTION PLAN.
  2. Enter the actual revenue and costs for the species for production during this period.
  3. Calculate variances (difference between actual and standard).

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