The variance that is most useful in assessing the performance of the purchasing department manager is:
A) the materials quantity variance.
B) the materials price variance.
C) the labor rate variance.
D) the labor efficiency variance.
Answer: B) the materials price variance.
You might also like to view...
Particular words a speaker uses that trigger an immediate emotional response and interfere with an audience member’s ability to listen are referred to as
a. trigger words. b. key words. c. red-flag words. d. alarm words.
When the net cash inflow is the same every year for a project after the initial investment, the internal rate of return of a project can be determined by dividing the initial investment required in the project by the annual net cash inflow. This computation yields a factor that can be looked up in a table of present values of annuities to find the internal rate of return.
Answer the following statement true (T) or false (F)
A company reported the following information for the month of July: Sales$50,475Sales discounts 1,235Sales returns and allowances2,840Cost of goods sold33,975Required: Calculate this company's gross profit.
What will be an ideal response?
The fact that men take up more space than women with their postures and their artifacts is an indication of ______.
A. power B. self-image C. size D. coincidence