All of the Following Variances Are Reported to the Production

question 94

Multiple Choice

All of the following variances are reported to the production department except the

• A)labour price variance.
• B)materials price variance.
• C)overhead controllable variance.
• D)labour price and materials price variances.

---

Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period.

Beginning Inventory

The initial quantity of goods available for sale at the start of an accounting period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting sold goods.

Operating Cash Flows

Cash generated from a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.