A volume variance is the difference between overhead at maximum production volume and that at the budgeted production volume.

a. True

b. False

Question

Physics

Anabelle Moore

17 August, 02:44

A volume variance is the difference between overhead at maximum production volume and that at the budgeted production volume.

a. True

b. False

+2

Answers (1)

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Keegan Parsons · Answer 1

The statement is not correct. Therefore, the answer is letter B. False. The actual definition of a volume variance is that it is the difference of the quantity consumed and the amount budgeted to be sold, the difference will furthermore be multiplied to the standard unit per price.

A volume variance is the difference between overhead at maximum production volume and that at the budgeted production volume.a. Trueb. False

A volume variance is the difference between overhead at maximum production volume and that at the budgeted production volume.

a. True

b. False