ECONOMICS

Detailed explanation-1: -Answer and Explanation: Sales volume variance is the difference between the flexible budget and the static budget. A flexible budget is based on the standard cost and actual results while a static budget is based on the standard cost and standard cost.

Detailed explanation-2: -Sales volume variance is the difference between the number of units of a particular product that you sold, and the number of units you expected to sell. This metric is fundamental to tracking your sales performance.

Detailed explanation-3: -The flexible budget variance is the difference between the actual results and the expected results in the flexible budget for the actual units sold. A flexible budget is a type of budget that changes based on the level of volume or activity such as the number of units sold.

Detailed explanation-4: -The difference between operating profit in the master budget and operating profit in the flexible budget is called a sales activity variance, also known as the sales volume variance. The variance arises because the actual number of units sold is different from the budgeted number.

Detailed explanation-5: -Sales volume variance is a metric professionals use to assess their sales performance by determining the difference between their actual and budgeted sales quantity. To do this, they can analyze their actual and budgeted sales quantities, average profit, revenue per unit and contribution per unit.