The Variance That Is Usually Most Useful in Assessing the Performance

question 140

Multiple Choice

The variance that is usually most useful in assessing the performance of the purchasing department manager is:

• A)the materials quantity variance.
• B)the materials price variance.
• C)the labor rate variance.
• D)the labor efficiency variance.

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Definitions:

Secured Debt

A type of debt that is backed by collateral to reduce the risk for the lender, allowing the lender to reclaim the asset if the debt is not paid.

Builders' Liens

Legal claims against a property by workers or suppliers who have not been paid for services or materials provided in the construction or improvement of that property.

Settlements

Agreements reached by parties in a dispute outside of court, often involving a compromise.

Consumer Proposal

A legal process in Canada allowing indebted individuals to negotiate a settlement with their creditors to pay back a portion of their debts.