0
A sales volume variance measures the difference between the actual quantity of units sold and the budgeted quantity of units sold, multiplied by the standard selling price. It indicates the impact of changes in sales volume on a company's revenue and is used to assess the effectiveness of sales strategies and forecasts.
Add your answer:
Earn +20 pts
Is idle capacity variance due to an increase or decrease in the volume of production?
Idle capacity variance is typically due to a decrease in the volume of production. When actual production falls short of the standard capacity, idle capacity variance occurs because resources are not being fully utilized.
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.
Does miles measure length area volume or mass?
Miles measure length, square miles measure area, and cubic miles measure volume.
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 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.
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.
Which is not a measure of dispersion range or variance?
Variance
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
What causes a volume variance?
a + or a-
