A job shop is generally associated with high volume production. A job shop is generally associated with high volume production.
The given statement is False.
What is volume production?
- Volume of production is the percentage of a production period's average volume of the affected commodity produced by those on the list of affected parties or producers.
- The accomplished actual overhead expenses per unit are contrasted with the anticipated or planned cost per item. The following is the formula for the variance in production volume: Production volume variance is calculated as follows: actual production volume minus budgeted production volume x budgeted overhead rate per unit.
- The production volume variance counts the units produced while taking into account the overhead. It is the product of the budgeted overhead rate multiplied by the difference between the actual number of units produced during a period and the number of units that should have been generated according to the budget.
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