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:

Student Loan

A type of loan designed to help students pay for higher education and its related costs, such as tuition, books, and living expenses.

Compounded Semiannually

Interest calculation technique where interest is added to the principal sum twice a year, enhancing the base amount for future interest calculations.

Present Value

The existing value of a future amount of money or series of payments, factoring in a chosen rate of return.

Beginning of Every Quarter

This refers to the start of each three-month period in a year, often used in financial contexts for reporting and interest calculation.