What was the effect of the production volume variance on plant operating income at year end assuming none of the excess inventory was sold?Discuss
During the last quarter of FuturePrint’s fiscal year, Jean Day, the CFO, calculated the production volume variance for the quarter, noting a significant favorable variance resulting from increased production. In fact, although there was no change in the sales forecast for the year, production had increased 30% for the quarter. Concerned that the company may […]