Who Would Typically Be Responsible for the Direct Materials Quantity

question 113

Multiple Choice

Who would typically be responsible for the direct materials quantity variance?

• A)The production manager
• B)The purchasing manager
• C)The human resources manager
• D)The chief financial officer

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Definitions:

Finite Population

A population set that contains a limited or countable number of elements or members.

Sample Size

Sample size refers to the number of individuals or observations included in a sample taken from a population for the purpose of statistical analysis.

Population Standard Deviation

The measure of variability that encompasses all the values in a given population.

Point Estimate

A single value (or point) that serves as the best guess or best estimate of a population parameter (like the mean or proportion).