Question: Responsibility for the materials price variance typically belongs to a. production. b. marketing. c. purchasing. d. personnel. e. the chief executive officer (CEO).

Responsibility for the materials price variance typically belongs to
a. production.
b. marketing.
c. purchasing.
d. personnel.
e. the chief executive officer (CEO).

Step by Step Solution

★★★★★

3.39 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Purchasing is typically responsi... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Managerial Accounting Questions!

The materials price variance is computed based on the amount of materials purchased during the period. True or False

When will the materials price variance be unfavorable? Does an unfavorable materials price variance necessarily indicate a control problem? Explain why or why not.

Responsibility for the materials usage variance is usually assigned to a. production. b. marketing. c. purchasing. d. personnel. e. the CEO.

Multiple Choice Questions 1. The total (budget) variance is computed as a. (SP x AQ) (AP x SQ). b. (AP x AQ) (SP x SQ). c. (SP x AQ) (SP x SQ). d. (AP x SP) (AQ x SQ). e. none of these. 2....

Responsibility for the materials price variance typically belongs to a . production. b . purchasing. c . marketing. d . personnel. e . the chief executive officer ( CEO ) .

4 easy accounting questions need help 1111 Who should normally be held responsible for an unfavorable materials quantity variance? Marketing manager Purchasing manager Chief Executive Officer (CEO)...

10-9 Responsibility for the materials price variance typically belongs to a. production. b. purchasing. c. marketing. d. personnel. e. the chief executive officer (CEO).

Responsibility for the materials price variance typically belongs to: a. production. b. marketing. c. purchasing. d. personnel. e. the chief executive officer (CEO).

financial SUBDOMAINS: 325.4 COMMUNICATING EFFECTIVELY IN ORGANIZATIONS 326.1 MANAGING INTERNAL COST & CONTROLLING FINANCES 326.2 MANAGING CAPITAL & FINANCIAL ASSETS 326.4 MANAGING ENTERPRISE RISK &...

I am attaching all of the questions. These are basically small questions which are required to be answered as per the exact requirements. These are all related to finance. No irrelevant details are...

2. The Department of Streets and Parkways (S&P) took bids to purchase several items of equipment. The lowest bid came in at $105,000, which was greater than the amount appropriated for equipment....

Describe how you would denormalize the model that you created in question E. Draw the new physical model on the basis of your suggested changes. How would performance be affected by your suggestions?

The number of tourists who visited a particular attraction in 2018 was 22000. Each year, the number declines by 12%. Find the number of tourists in 2030.

What are the six foreign-market entry strategies and what are the key characteristics of each one?

ABC Inc is considering a new capital budgeting project that will last for 3 years. Initial investment outlay for the project equipment is expected to be $110,000. The equipment will be straight-line...

What was the markets reaction to the self-reported earnings announcement?

What were the companys accomplishments for the period?

Brannan Manufacturing has a target debt-equity ratio of 85. Its cost of equity is 12 percent, and its cost of debt is 6 percent. If the tax rate is 24 percent, what is the company's WACC? (Do not...

A year from now, you plan to begin saving for your retirement by making a deposit into a new savings account that has an expected return of 7% compounded monthly. You plan to continue depositing the...

Which of the following method allows importer to inspect commercial documents before making payment? Import Collection Shipping Guarantee TINRFF Trade Card 0 3 PL