In General,the Purchasing Agent Is Responsible for the Materials Price

question 111

True/False

In general,the purchasing agent is responsible for the materials price variance.

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Definitions:

Directing

In management, directing refers to the process of guiding, leading, and overseeing employees to achieve organizational goals.

Planning

The process of setting objectives and determining the actions necessary to achieve them.

Product Cost

The total cost associated with making a product, including direct labor, materials, and manufacturing overhead.

Period Cost

Expenses that are incurred by a business during a specific period but are not directly tied to the production process, such as administrative and selling expenses.