Under a standard cost system,the material price variances are usually the responsibility of the:
A) production manager.
B) sales manager.
C) purchasing manager.
D) engineering manager.

Question

Quizplus · Accepted Answer

Material price variances arise due to the difference between the actual price of materials and the standard price set for the materials. The responsibility to purchase materials at the standard price lies with the purchasing manager, making option C the best choice.

Under a Standard Cost System,the Material Price Variances Are Usually