Production-volume variance
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Production-volume variance is the difference between budgeted fixed overhead and fixed overhead allocated on the basis of actual output produced. Also called denominatorlevel variance.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Production-volume variance. The difference between budgeted fixed overhead and fixed overhead allocated on the basis of actual output produced. Also called denominatorlevel variance.
