BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the actual output is more than the budgeted output, volume variance is
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Favorable
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Non-favorable
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No impact
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None of the above
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Explanation:
Detailed explanation-1: -If actual production is greater than budgeted production, the production volume variance is favorable. That is, the total fixed overhead has been allocated to a greater number of units, resulting in a lower production cost per unit.
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