When Analyzing Direct Materials Price and Quantity Variances, the Responsibility

question 3

Multiple Choice

When analyzing direct materials price and quantity variances, the responsibility typically lies with

• A)controller and CFO.
• B)purchasing manager and production manager.
• C)purchasing and cost accounting manager.
• D)sales manager and production manager.

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Definitions:

Subatomic Particles

Particles smaller than atoms, including protons, neutrons, and electrons, which are the building blocks of atoms.

Bonding Behavior

The formation of a close personal relationship, especially between parents and their offspring, facilitated by hormonal and emotional factors.

Electrons

Subatomic particles with a negative electrical charge, found orbiting the nucleus of an atom.

Ionic Bonding

A chemical bond formed between two ions with opposite charges through the transfer of electrons.