Which Department Is Usually Responsible for a Labor Price Variance

question 48

Multiple Choice

Which department is usually responsible for a labor price variance attributable to misallocation of workers?

• A) Quality control
• B) Purchasing
• C) Engineering
• D) Production

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Definitions:

Fees Earned

Revenue generated from services provided or work performed, often used in the context of professional services like legal or consulting firms.

Office Supplies Expense

Office supplies expense is the cost associated with purchasing supplies used in the daily operations of an office, such as paper, pens, and ink cartridges.

Interest Revenue

The income earned from lending money or through investments in interest-bearing financial instruments.

Accounts Payable

Liabilities owed to suppliers or creditors for goods and services received that have not yet been paid for.