Controlling the Materials Price Variance Is Usually the Responsibility Of

question 99

Multiple Choice

Controlling the materials price variance is usually the responsibility of:

• A)The purchasing agent.
• B)The marketing director.
• C)The production supervisor.
• D)The cost accountant.

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Definitions:

Voidable

A legal term describing a contract or transaction that may appear valid but can be annulled by one of the parties due to certain defects or circumstances.

Void

Refers to a legal declaration that a contract or transaction is invalid and without legal effect from its inception.

Unenforceable

Refers to a contract or agreement that, due to certain legal deficiencies, cannot be legally imposed or upheld by a court.

Binding

Creating or implying a legal or contractual obligation that must be adhered to by the parties involved.