Which of the following departments is most likely responsible for a pr – McqOptions

MCQOPTIONS

1.	Which of the following departments is most likely responsible for a price variance in direct materials?
A.	Warehousing
B.	Receiving
C.	Purchasing
D.	Production
Answer» D. Production

Discussion

No Comment Found

Related MCQs

Type of accounting which measures, reports and analyse non-financial and financial information to help in decision making is called:
Which one of the following is not to be considered for preparing a production budget?
The P/V ratio of a product is 0.4 and the selling price is Rs. 40 per unit. The marginal cost of the product would be,
The time taken for initial unit of a product is 100 hours. At 80% learning rate what is the total time for 4 units.
Sales Rs. 4,00,000; Variable Cost Rs. 3,00,000; Fixed Cost Rs. 75,000; Investments Rs. 1,50,000 and desired 20% on investments. What is residual income?
If standard hours are 400 @ Rs. 1 per hour and actual hours are 380 @ Rs. 1.25 per hour, the labour rate variance is:
Sales in January month Rs. 3,00,000; Credit Sales are 80%; Credit period is 2 months. Amount collected in the month of March is
Which of the following departments is most likely responsible for a price variance in direct materials?
In a system whereby all activities are revaluated each time a budget is formulated and starts with the assumption that requirement of funds does not exist is called
The management s time is saved by reporting only the deviations from the predetermined standards is called