For Each of the Following Cost Standards, Indicate Which Manager

question 169

Essay

For each of the following cost standards, indicate which manager is responsible for the standard, and list one factor that should be used in setting the standard.
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$$\begin{array} { | l | l | l | } \hline \text { Cost standard } & \text { Responsible manager } & \text { Factor used in setting the standard } \\\hline \text { Direct materials } & & \\\\\hline \text { Direct labor } & & \\& & \\\hline\end{array}$$

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Definitions:

Manufacturing Overhead

Indirect production costs that cannot be directly attributed to specific units produced, such as utilities and rent for the production facility.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials, labor, and overhead costs.

Direct Materials

Raw materials that are directly traceable to the production of specific goods or services.

Raw Materials

Basic materials that are used in the manufacturing process to produce goods or finished products.