Which of These Would Not Be Considered an Internal User

question 8

Multiple Choice

Which of these would not be considered an internal user of accounting information?

• A)The chairman of ASIC
• B)The human resources manager
• C)The Chief Financial Officer
• D)The Production supervisor

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Definitions:

Direct Materials Quantity Variances

The variance that occurs when the actual quantity of materials used in production differs from the expected quantity.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

ABC

A method of identifying and assigning costs to specific activities to improve cost accuracy and managerial decision-making.

Special Materials

Materials that are uncommon, difficult to procure, or used in specialized applications.