The _____ Is Held Responsible for an Unfavorable Quantity Variance

question 51

Multiple Choice

The _____ is held responsible for an unfavorable quantity variance caused by low-quality direct materials.

• A) sales department
• B) investment department
• C) purchasing department
• D) operating department

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Definitions:

Proportional

Proportional refers to a relationship or distribution in which changes in one variable correspond to equal changes in another variable.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Payroll Tax

Dues collected from employees or employers, calculated by taking a fraction of the pay employers give to their workers.

Taxable Income

The amount of income that is subject to income tax after all deductions, exemptions, and adjustments have been accounted for.