Volume Variance Definition: The variance that arises whenever the standard hours allowed for the output of a period are different from the denominator activity level that was used to compute the predetermined overhead rate.
Denominator Activity means to perfom a cpmlete process according to the activity.
Denominator Activity definition: The activity figure used to compute the predetermined overhead rate. Recommended Books ! Or Download E accounting book in MS-word format for just 20 $ - Click here to Download