The Manager Generally Responsible for the Direct Material Price Variance

question 14

Multiple Choice

The manager generally responsible for the direct material price variance is the

• A) sales manager.
• B) production supervisor.
• C) purchasing manager.
• D) personnel manager.

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Definitions:

Disclosure Provisions

Legal requirements or policies that necessitate the revelation of certain information to stakeholders or the public, ensuring transparency.

Accounting Standards

Rules and guidelines set by governing bodies that dictate how financial statements should be prepared and presented.

Direct Method

A cash flow statement preparation approach that involves reporting major classes of gross cash receipts and payments.

Operating Cash Flows

Cash generated from the primary activities of a business, including revenue from sales of goods and services.