Which Manager Is Usually Held Responsible for Materials Usage Variances

question 51

Multiple Choice

Which manager is usually held responsible for materials usage variances?

• A) Production supervisor
• B) Marketing manager
• C) Purchasing agent
• D) None of these answers is correct.

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Definitions:

Inventory Purchases

Transactions involving buying goods to be sold in the normal course of business, typically counted as a current asset.

Cost of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Average Collection Period

The mean duration required by a business to receive payments due from its clients.