For Each of the Following Variances,state Which Manager Is Most

question 155

Essay

For each of the following variances,state which manager is most likely to be responsible for the variance.
$$\begin{array} { | l | l | } \hline \text { Variance } & \text { Responsible Manager } \\\hline \text { Direct Materials Cost } & \\\hline \text { Direct Labor Efficiency } & \\\hline \text { Variable Overhead } & \\ \text { Efficiency } & \\\hline\end{array}$$

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Definitions:

Maslow Hierarchy

Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic physiological needs to self-actualization.

Self-actualization Needs

The highest level in Maslow's hierarchy of needs, representing the realization of one's potential, self-fulfillment, seeking personal growth and peak experiences.

Physiological Needs

Basic human requirements such as food, water, and shelter that must be met to ensure survival.

Social Needs

Human desires for belonging, affection, acceptance, and friendship, which are significant in driving consumer behavior.