The volume variance represents the difference between actual fixed manufacturing overhead costs and budgeted fixed manufacturing overhead costs.

Name: The volume variance represents the difference between actual fixed manufacturing overhead costs and budgeted fixed manufacturing overhead costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The volume variance represents the difference between the budgeted fixed manufacturing overhead costs and the applied fixed manufacturing overhead costs based on actual production volume.

The Volume Variance Represents the Difference Between Actual Fixed Manufacturing