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Quantity Variance definition
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Quantity Variance
A quantity variance is the difference between the actual and budget caused by the actual number of units produced and the budgeted number of units produced.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
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Synonyms
amount
body
degree
level
mass
number
size
sum
total
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A quantity variance is the difference between the actual and budget caused by the actual number of units produced and the budgeted number of units produced.