Unfavorable Materials Price and Quantity Variances Are Generally the Responsibility $\quad$

question 55

Short Answer

Unfavorable materials price and quantity variances are generally the responsibility of the $\quad$$\quad$$\quad$$\quad$ Price $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Quantity
a. Purchasing department $\quad$$\quad$ Purchasing Department
b. Purchasing department $\quad$$\quad$ Production Department
c. Production department $\quad$$\quad$ Production Department
d. Production Department $\quad$$\quad$ Purchasing Department

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Definitions:

Powerful Effect

A significant impact or influence on a person, object, or situation.

Positive or Negative

refers to the nature of emotions, experiences, or outcomes as being either beneficial and desirable (positive) or harmful and undesirable (negative).

Pygmalion Effect

The phenomenon where higher expectations lead to an increase in performance; a form of self-fulfilling prophecy.

Self-fulfilling Prophecy

A belief or expectation that influences one's behavior in a way that causes the belief to become true.