What is the production volume variance?

Question added by Rami Shadeed , Head of Accounting Department , Applied Science Private University
Date Posted: 2013/09/24

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by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

it is the amount not allocated from fixed overhead due to the variance in production quantity between actual production and budgeted production

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