Operating-income volume variance
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Operating-income volume variance is the difference between static-budget operating income and the operating income based on budgeted profit per unit and actual units of output.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Operating-income volume variance. The difference between static-budget operating income and the operating income based on budgeted profit per unit and actual units of output.