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Volume Variance
Volume variance reflects the difference between the expected number of units produced or sold and the actual units produced or sold, impacting costs and revenue.
Budget Variance
The difference between the budgeted or planned amounts and the actual amounts incurred, used for financial analysis and control.
Denominator Level
In cost accounting, it’s the level of activity used to allocate fixed costs to products or services, often representing the production capacity.
Budget Variance
This is the difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred or received.
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