Which Manager Is Usually Held Responsible for Materials Price Variances

question 59

Multiple Choice

Which manager is usually held responsible for materials price variances?

• A) Plant manager
• B) Purchasing agent
• C) Production supervisor
• D) Marketing manager

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Definitions:

Property Taxes

Taxes assessed on real estate by the local government, calculated as a percentage of the property's value.

Tax Rate

The proportion of income that the government taxes an individual or company.

Tax Bill

A statement from a governmental authority detailing the amount of taxes owed by an individual or entity, specifying due dates and payment instructions.

Proration

The act of distributing or assigning an amount in proportion to a certain measure, often applied in finance and accounting for dividing expenses or revenues.