📊 Management Accounting
Q. Volume variance arises when
  • (A) There is rise in overhead rate per hour
  • (B) There is decline in overhead rate per hour
  • (C) There is decrease or increase in actual output compared to the budgeted output
  • (D) None of the above
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✅ Correct Answer: (C) There is decrease or increase in actual output compared to the budgeted output

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