The Production Department Should Generally Be Responsible for Materials Price

question 135

Multiple Choice

The production department should generally be responsible for materials price variances that resulted from:

• A) purchases made in uneconomical lot-sizes.
• B) rush orders arising from poor scheduling.
• C) purchase of the wrong grade of materials.
• D) changes in the market prices of raw materials.

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Definitions:

Ammeter

An instrument used to measure the current in a circuit, expressed in amperes.

Current Flow

The movement of electric charge carriers, such as electrons, through a conductor or space.

Load

An electrical component or portion of a circuit that consumes electric power.

AC

Alternating Current, a type of electrical current in which the direction of the flow of electrons switches back and forth at regular intervals or cycles.