A Favourable Production-Volume Variance Arises When Manufacturing Capacity Planned for Is

question 49

True/False

A favourable production-volume variance arises when manufacturing capacity planned for is not used.

---

Definitions:

Training Techniques

Various methods used to transfer knowledge and skills to employees, including on-the-job training, classroom training, e-learning, simulations, and mentoring.

In-House

Refers to activities or operations conducted within a company by its own staff or resources, rather than being outsourced to external entities.

First-Impression Error

A type of judgment bias where an initial impression about a person affects the evaluator's perception of subsequent information.

Job Requirements

The qualifications, skills, and experience deemed necessary for a person to perform a particular job.