For Each of the Following Variances, State Which Manager Is

question 63

Essay

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

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Definitions:

Auction Market

A public market where buyers and sellers participate in the bidding of prices for assets.

Term to Maturity

The remaining time until a debt security, such as a bond, reaches its repayment date at which point the principal is repaid to investors.

Coupon

In finance, a coupon refers to the interest payment received by a bondholder from the bond's issuer at specified intervals.

Market Rate of Return

The average rate of return of investments in the market over a specific period.