cost volume variance
A volume variance is the difference between the actual amount sold or consumed and the budgeted amount expected to be sold or consumed, multiplied by the standard price per unit. This variance is used as a general measure of a business which is generating the amount of unit volume for which it had planned.
Gross Profit Analysis Based on the Previous Year’s Figures: As the basis for illustrating the gross profit analysis using the previous year’s figures, the following gross profit section of a company’s operating statements for 19A and 19B are presented. 19A 19B Changes Sales (net)
Gross Profit Analysis Based on Budgets and Standard Costs: As the basis for illustrating the analysis of gross profit using budgets and standard costs, three financial statements for a company are presented: The budgeted income statement prepared at the beginning of the period The