Which aspect is NOT considered in calculating the fixed overhead volume variance?

The calculation of the fixed overhead volume variance focuses specifically on the differences between the budgeted capacity and the actual output in terms of fixed overhead costs. This variance assesses how much fixed overhead has been absorbed based on the actual level of production compared to what was budgeted.

In this context, budgeted unit output and actual unit output are crucial because they provide the basis for determining whether the overheads have been under-absorbed or over-absorbed. The budgeted unit output establishes the expected level of production that justifies the fixed overhead costs, while the actual unit output reflects the real production activities.

Fixed overhead volume variance is primarily concerned with how many units were produced versus how many were expected, not the variable costs associated with production. Variable costs fluctuate with production levels, and they do not impact the fixed overhead volume variance, which is focused solely on fixed costs and their absorption into production based on capacity. Thus, variable costs are not included in this specific calculation.

The aspect related to the over- or under-absorption of overheads is directly relevant, as it determines the impact of the variance itself.