On the Line in Front of Each Variance,put the Letter

question 23

Short Answer

On the line in front of each variance,put the letter of the department that is most likely responsible for that variance.A letter may be used more than once or not at all.
A)Production department
B)Marketing department
C)Purchasing department
D)Personnel department
____ Direct material price variance
____ Direct labor price variance
____ Direct labor efficiency variance
____ Sales volume variance
____ Direct material efficiency variance

• A)Production department
• B)Marketing department
• C)Purchasing department
• D)Personnel department
• ____ Direct material price variance
• ____ Direct labor price variance
• ____ Direct labor efficiency variance
• ____ Sales volume variance
• ____ Direct material efficiency variance

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Definitions:

Publicly Controlled

Operations or organizations that are owned, operated, or regulated by the government or public authorities.

Economic Welfare

The overall well-being of individuals and communities in terms of wealth, health, and happiness, often assessed by indicators like GDP and quality of life measures.

Federal Reserve Bank

The central banking system of the United States, responsible for setting monetary policy, issuing currency, and regulating financial institutions.

Money Supply

The sum total of all monetary assets within an economy, accounting for cash, coins, and checking and savings accounts' balances, at a specific instant.