Question
the fixed OH volume variance is favourable, so this must mean that everything is OK there. Explain to management the meaning of the volume variance
the fixed OH volume variance is favourable, so this must mean that everything
is OK there. Explain to management the meaning of the volume variance and why their
observation is incorrect. (2 Mark) In addition, following on from that explanation, explain
related consequences for the firm in light of the other concerns that management has raised (2
Mark)
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Financial & Managerial Accounting
Authors: Carl Warren
12th Edition
1285534646, 978-1133952428
