Volume Variance

  • 1 Posts
  • 1 Sections
  • 1 Types
Definitions
Fixed Overhead Volume Variance
Fixed Overhead Volume Variance Overhead Volume Variance Volume Variance Standard Costing Budgeted Production Fixed Overhead Absorption Rate Accounting
Fixed Overhead Volume Variance is a metric used in standard costing systems to quantify the difference between actual and budgeted production levels, valued at the standard fixed overhead absorption rate per unit. It measures the over- or under-recovery of fixed overheads due to the variance in actual activity levels from what was budgeted.
Read more about Fixed Overhead Volume Variance.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.