For Each of the Following Variances,state Which Manager Is Most

question 117

Essay

For each of the following variances,state which manager is most likely to be responsible for the variance.
$$\begin{array} { | l | l | } \hline \text { Variance } & \text { Responsible Manager } \\\hline \text { Direct Materials Cost } & \\\hline \text { Direct Labor Efficiency } & \\\hline \text { Variable Overhead Efficiency } & \\\hline\end{array}$$

---

Definitions:

Snow-clearing

Snow-clearing involves the removal of snow from roads, sidewalks, and other public areas to ensure safety and accessibility during winter conditions.

Perfectly Competitive

Refers to a market scenario where an unlimited number of buyers and sellers operate, and the single product offered is homogenous, making no single entity able to influence the market price.

Marginal Cost

The cost of producing one additional unit of a product or service, a crucial concept for optimizing production and pricing decisions.

Fixed Cost

Costs that do not vary with the level of output, remaining constant even if production is zero.