NOVA CC - ACC 211: Connect for Financial and Managerial Accounting with PROCTORIO PLUS
9th Edition
ISBN: 9781265725976
Author: John Wild; Ken Shaw
Publisher: McGraw-Hill Learning Solutions
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Chapter 21, Problem 16QS
To determine
An overhead volume variance is the variance between the number the final products sold out and the projected quantity to be sold. The volume variance is deeply affected by the factors of demand and supply of the product. However, it considers only fixed overhead factor. Also, it helps the businesses to mark the level of turnover to be achieved by working upon the quantities to be sold revealed through it.
Overhead volume variance and classify as favorable or unfavorable.
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NOVA CC - ACC 211: Connect for Financial and Managerial Accounting with PROCTORIO PLUS
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What is variance analysis?; Author: Corporate finance institute;https://www.youtube.com/watch?v=SMTa1lZu7Qw;License: Standard YouTube License, CC-BY