In your own words, explain and give examples of the following. a) How is responsibility accounting applied

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In your own words, explain and give examples of the following.

a) How is responsibility accounting applied and maintained in standard costing material price variance and material quantity variance? Which one of these two variances is related to purchasing manager and which one is related to production manager?

b) A favorable variance may actually be unfavorable. Give an example.

c) How process improvement may produce unfavorable variance. Give an example.

Posted Date: Dec 01, 2021 01:52 PM

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In your own words, explain and give examples of the following. a) How is responsibility accounting applied

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a Variance analysis helps smallbusiness owners determine which department is responsible for cost overruns For example a company that overspends on th... View the full answer

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