The production volume variance is a line item on the ________ income statement.

Name: The production volume variance is a line item on the ________ income statement.
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Question

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The production volume variance is a variance that arises only in the absorption costing method. Therefore, it is included in the income statement of the absorption costing method. The other costing methods such as direct costing and variable costing do not account for production volume variance in their income statements.

The Production Volume Variance Is a Line Item on the ________