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Is idle capacity variance due to an increase or decrease in the volume of production?
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Can you measure volume by milliters?
Yes. You can measure liquid volume in milliliters. A graduated cylinder is used to measure liquid volume in millimeters, mL.
Are kilograms usually used to measure volume?
No, kilograms are not used to measure volume. Kilograms are a unit of mass, while volume is typically measured in units like liters or cubic meters.
What is the largest volume of measure?
This is volume of the Universe ! As an unit of measure the cubic metre and multiples.
What is loose measure volume?
Loose measure volume is the volume of a substance or material that is not tightly packed or compacted. It typically refers to the volume of a substance when it is in a loose or granular form, such as sand, gravel, or soil. It is important to consider loose measure volume when accurately estimating quantities of materials for construction or manufacturing purposes.
Is there any difference between sales volume variance and Sales Quantity Variance?
Yes
What is the difference between a sales volume variance and a sales price variance?
Volume is a change in how many products you sell Price is a change in how much you charge for the product
What is sales volume contribution variance?
extrax standard contribution per
What is the variance that is least related to cost control?
The variance that is least related to cost control is usually the sales variance, specifically the sales volume variance. This variance measures the difference between actual sales volume and budgeted sales volume, reflecting the impact on revenue rather than costs. While it can indirectly affect profitability, it does not directly pertain to managing or controlling costs within the organization. Therefore, it is less relevant to cost control efforts compared to variances like direct materials or labor variances.
When is volume variance nonzero?
Volume variance is nonzero when there is a difference between the actual level of production achieved and the expected or budgeted level of production. This occurs when actual sales volume deviates from the planned sales volume, leading to changes in fixed costs allocated per unit. If the actual output is greater or less than what was anticipated, the fixed costs per unit will differ, resulting in a volume variance.
What is the reason for multiplying the sales quantity variance by the budgeted sales price even if the actual sales volume was sold at a different price?
for profit.........
If the controllable overhead variance is favorable the overhead volume variance?
volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
What is a example of favorable sales volume variance is?
A favorable sales volume variance occurs when actual sales exceed budgeted sales, leading to higher revenue than expected. For example, if a company budgeted to sell 1,000 units of a product but actually sold 1,200 units, the additional 200 units contribute positively to the overall financial performance. This variance indicates strong market demand or effective sales strategies, enhancing profitability.
How is the sales-volume variance calculated?
sales vol. variance= standard price(actual sales vol.- std sales vol.) eg.- A= 10(35000-20000)=150000(F) B=6(25000-30000)= 30000(A) F-A= 150000-30000=120000
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
Example of calculating Sales Mix Variance?
SALES MIX VARIANCE= standard sales-revised std sales
Is the volume variance a controllable variance from a spending point of view?
No, the volume variance is controllable but not related to spending. The volume variance calculates the dollar impact of producing more or less than the budgeted production volume. No, the volume variance is controllable but not related to spending. The volume variance calculates the dollar impact of producing more or less than the budgeted production volume.
