When analyzing direct materials price and quantity variances,the responsibility typically lies with
A)Controller and CFO.
B)Purchasing manager and production manager.
C)Purchasing and cost accounting manager.
D)Sales manager and production manager.

Question

Quizplus · Accepted Answer

The purchasing manager is responsible for price variances as they negotiate prices with suppliers, while the production manager is responsible for quantity variances as they oversee the usage of materials in production.

When Analyzing Direct Materials Price and Quantity Variances,the Responsibility Typically