Tr2ipmariamClar Tr2ipmariamClar

24-03-2017
Physics

Answered

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

ATrue
BFalse

Verified Answer :

MissPhiladelphia MissPhiladelphia

06-04-2017

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.

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