In Which of the Following Circumstances Would It Be Acceptable

question 35

Multiple Choice

In which of the following circumstances would it be acceptable to record the material price variance at the time of usage of the materials?

• A) Where a fixed contract price is in place for the purchase of materials for a period.
• B) Where the purchasing manager is held accountable for all material price variances.
• C) Where the purchasing manager has little control over the price paid.
• D) Both where a fixed contract price is in place for the purchase of materials for a period AND where the purchasing manager has little control over the price paid.

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Definitions:

Coronary Heart Disease

A disease characterized by the narrowing or blockage of the coronary arteries, usually due to atherosclerosis, which can lead to heart attacks.

Competitive

Characterized by or involving rivalry between parties, each striving to outdo the other to achieve a goal or win a prize.

Aggressive

Exhibiting behavior that is assertive, often hostile, with the intention to dominate.

Hostility

A form of anger expression characterized by antagonistic attitudes and behaviors towards others.