Which Department Listed Below Would Most Likely Be Responsible for a "Direct

question 197

Multiple Choice

Which department listed below would most likely be responsible for a "direct labour price variance"?

• A) Finance department
• B) Marketing department
• C) Purchasing department
• D) Personnel department

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Definitions:

Production Budget

A plan detailing the quantity of each product a company aims to produce within a specific timeframe, factoring in projected sales and inventory requirements.

Finished Goods Inventory

Products that have completed the manufacturing process and are ready for sale.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, used for managing liquidity and ensuring a company can meet its obligations.

Budgeted Cash Receipts

An estimation of the cash a company expects to receive within a certain period, based on projected sales or revenue.