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Variance

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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June 27, 2017 at 3:34 pm #394195
chetan
Member
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Hello sir.. just a small question.. is production volume variance equal to fixed overheads volume variance? If no, then how should we value the difference between actual production and budgeted production?
(actual production – budgeted production)* ??
June 27, 2017 at 5:11 pm #394205
John Moffat
Keymaster
- Topics: 57
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If the question asks just for the production volume variance, then it is the difference between the actual production and the budget production, both costed at the standard cost of production.
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