Question: Which statement best reflects the responsibility for setting price standards for materials and labour? Purchasing must consider payroll taxes, fringe benefits, and qualifications. Personnel must

Which statement best reflects the responsibility for setting price standards for materials and labour? Purchasing must consider payroll taxes, fringe benefits, and qualifications. Personnel must consider discounts, freight, and quality. Purchasing must record price standards. It is the joint responsibility of operations, purchasing, personnel, and accounting

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