Paul Is in Charge of Managing,selling,and Distributing the Company's Products

question 115

Multiple Choice

Paul is in charge of managing,selling,and distributing the company's products.Paul is a(n) ____ manager.

• A) marketing
• B) operations
• C) human resources
• D) administrative
• E) financial

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard or expected cost.

Standard Costs

Predetermined costing used in budgeting and decision-making, representing an expected cost under normal conditions.

Overhead Volume Variance

The difference between the budgeted overhead based on standard hours allowed and the actual overhead incurred, due to differences in activity levels.

Unfavorable Labor Efficiency Variance

A financial term indicating that the actual labor time to produce goods or services was higher than the budgeted or standard labor time, resulting in increased costs.