Respuesta :
Volume variance is a difference between the actual quantity bought or fed on and the budgeted amount expected to be offered or fed on, improved via the usual charge in keeping with the unit. This variance is used as a general measure of whether or not a commercial enterprise is generating the amount of unit quantity for which it had planned.
The quantity variance is considered favorable if the real number of devices fed on is decreased than the standard quantity of devices required as raw materials. then again, if the actual wide variety of gadgets consumed is greater than the usual variety of gadgets, it's miles considered unfavorable or destructive.
The variance is a degree of variability. it's far calculated by taking the common squared deviations from the mean. Variance tells you the diploma of unfolding in your statistics set. The more unfold facts, the larger the variance is with regard to the mean.
The fee variance system is described because of the 'difference between earned costs and real charges. (CV = EV – AC)' (PMI, 2004, p. 357) sometimes this method is expressed as the difference between the budgeted value of labor executed and real price paintings carried out. If the variance is equal to 0, the mission is on finances.
Learn more about volume variance here:
https://brainly.com/question/4127264
#SPJ4
