In a large corporation, the purchasing manager is usually responsible for
Group of answer choices
the material quantity variance.
the material price variance.
the labor rate variance.
all of the above.
In a large corporation, the purchasing manager is usually responsible for the material price variance.
The answer is the material price variance.
In a large corporation, the purchasing manager is usually responsible for Group of answer choices the...
The variance that is most useful in assessing the performance of the purchasing department manager is: Group of answer choices: A. the materials price variance B. the direct labor efficiency variance C. the direct labor rate variance D. the materials quantity variance
The company applies the standard cost system and the purchasing manager and production manager are responsible for the variance of direct materials and direct wages .The standard price per ton of basic raw material is 4 $ and the standard allowable quantity is 6 tons per unit .The average hourly wage is 14 $ and the standard unit needs 0.5 hours Action. During the last week, production reached 10,000 units. Due to labor shortage, the production manager was forced to...
In a large corporation, the financial manager is primarily responsible for:
11) If a company pays their factory workers an hourly wage less than expected, which variance would this affect? A) The labor rate variance B) The materials price variance C) The labor efficiency variance D) The materials quantity variance 12) If a company shows a materials price variance, the manager that is usually responsible would be the A) Advertising Manager B) Purchasing Manager C) Sales Manager D) Labor Manager 13) Jackson Corporation uses a labor force that is usually paid...
The Lucerne Chocolate Company uses standard costs to control its manufacturing of fine chocolates. The purchasing agent is responsible for material price variances while the production manager is responsible for all other variances. Operating data for the past accounting period are summarized as follows: Finished units produced total 2,900 boxes of chocolate Direct material purchased and used totaled 3,400 lbs. (pounds) The purchase price was $17.30 per lbs. Standard price per pound of chocolate is $18.00 The manufacturing standard is...
8. Any point inside the productions possibilites frontier is: Group of answer choices efficient inefficient. unattainable. all of the above. 9. Which of the following could be responsible for a shift in the production possibilities frontier? Group of answer choices An increase in quantity of resources. a change in household attitudes. an increase in consumption. Only answer choices (1) and (2) are correct.
International trade should be based on: Group of answer choices the law of one price purchasing parity comparative advantage absolute advantage
1.The purchasing power of the $20 bill increases over time due to inflation. Group of answer choices True False 2.The consumer price index increased from 120 to 132. If you received a raise equal to 10% during this time period then your real income has decreased. Group of answer choices True False 3.Productivity is measured by calculating the growth rate of real GDP. Group of answer choices True False 4.The labor force is made up of all people who are...
(TCO 5) Which of the following is true? Group of answer choices Current yield = dividends / price paid. Coupon rate = interest / price paid. YTM = interest / 30. None of the above (TCO 8) Who would not normally be concerned about creating an investment policy for portfolio creation? CEO of a firm issuing bonds 401k plan manager Pension fund manager None of the above (TCO 4) Which of the following would be a good indicator of the...
Angel investors are usually public investors. Group of answer choices True False