Question: Please answer. ASAP!!! 1. A purchasing manager's performance is best evaluated using the: a. direct materials price variance b. direct materials flexible-budget variance c. direct
Please answer. ASAP!!!
1. A purchasing manager's performance is best evaluated using the:
a. direct materials price variance
b. direct materials flexible-budget variance
c. direct manufacturing labor flexible-budget variance
d. effect the manager's action has on total costs for the entire company
2. Which of the following would produce a labor rate variance?
a. Poor quality materials causing breakage and work interruptions.
b. Use of persons with high hourly wage rates in tasks that call for low hourly wage rates.
c. Excessive number of hours worked in completing a job.
d. An unfavorable variable overhead spending variance.
3. A favorable price variance for direct manufacturing labor might indicate that:
a. employees were paid more than planned
b. budgeted price standards are too tight
c. underskilled employees are being hired
d. an efficient labor force
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