Which Department Is Usually Responsible for a Direct Materials Cost

question 102

Multiple Choice

Which department is usually responsible for a direct materials cost variance due to favorable price negotiations?

• A) purchasing
• B) production
• C) human resources
• D) engineering

Grasp the fundamental aspects of the cell's genetic material and its role in heredity.

Understand the physiological importance of lipids and their functions in the body.

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Analyze the demographic characteristics of people living alone or cohabitating.

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Definitions:

Trend Percentage

A financial analysis tool that shows how a financial statement item changes over time, often used to spot patterns or trends.

Sales

The total amount of goods or services sold by a company during a specific time period, generating revenue.

Percent Of Increase

A measure expressed as a percentage that indicates the degree to which a quantity grows relative to its previous value.

Comparative Balance Sheet

A balance sheet listing financial condition for two or more years in a side-by-side manner. This format allows the reader to make quick comparisons between the two balance sheet dates.