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dxpayne dxpayne
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Posts: 930
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6 years ago
Describe if the production-volume variance is favourable or unfavourable for each of the following situations; and, provide the ASPE/IFRS treatment for the disposition of the variance.

1.   actual output is less than expected
2.   actual output is more than expected but still considered a usual fluctuation
3.   actual output is more than expected and is abnormally high
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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wrote...
6 years ago
1.   unfavourable; expense to cost of goods sold
2.   favourable; offset to cost of goods sold
3.   favourable; apply to inventories
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