COST ACCOUNTING
STANDARD COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is responsible for a materials price variance?
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The Purchasing Agent.
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The Production Manager
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The Production & Maintenance Managers
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Supervisor
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Explanation:
Detailed explanation-1: -Ideal standards should be used for forecasting and planning. 4. In general, the purchasing agent is responsible for the material price variance.
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