Essay
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
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1.unfavourable; expense to cos...View Answer
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