An Unfavourable Volume Variance Means That a Firm Operated at an Activity

question 1

True/False

An unfavourable volume variance means that a firm operated at an activity level that was above the activity level planned for the period

---

Definitions:

PERT

Project Evaluation and Review Technique, a planning and control tool for managing complex projects.

Continuous Analysis

The ongoing assessment and examination of data or processes to inform decision-making and improve outcomes.

Value Chain

The sequence of activities an organization performs to design, produce, market, deliver, and support its product.

Periodic Analysis

The evaluation of business activities at regular, specified intervals to assess performance.