What is the production volume variance?

Question added by Rami Shadeed , Head of Accounting Department , Applied Science Private University
Date Posted: 2013/09/24

Upvote (1) Views (6) Followers (0) Answers (1) Report Question

by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

it is the amount not allocated from fixed overhead due to the variance in production quantity between actual production and budgeted production

How should a sales volume variance be calculated?
Top Answer: (Actual units sold - Budgeted units sold) x Budgeted price per unit= Sales volume variance ... See More

Answers (1)
In manufacturing companies if production volume increased in the financial year over the volume of sales by a large quantity .?
Top Answer: If closing inventory is higher them cost of goods sold will be lower , if cost of goods sold is lower the ... See More

Answers (1)
What is process optimization and how does it helps in achieving greater production volumes?
Top Answer: Process optimization is analyzing process data and tracking process deviation. Then you can build a corre ... See More

Answers (1)
An adverse labour efficiency variance together with a favourable labour rate variance may mean that:
Top Answer: <p>Option C : less skilled staff are at work.</p> See More

Answers (2)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.