Which Department Is Typically Responsible for Direct Materials Price Variances

question 19

Multiple Choice

Which department is typically responsible for direct materials price variances?

• A) Sales
• B) Production
• C) Purchasing
• D) Engineering

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Definitions:

Seniority System

An employment system where decisions about promotion, pay, layoffs, and other working conditions are based on the length of time an employee has worked for an employer.

Equal Pay

The legal or ethical principle requiring that employees be paid the same wage for similar work regardless of gender, age, ethnicity, or other non-performance related factors.

Comparable Worth

The principle of equal pay for work of equal value, regardless of the gender or status of the worker.

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Laws that protect employees from discrimination in the workplace based on race, color, religion, sex, national origin, age, disability, or genetic information.