What is characteristic of the use of materials variance information?
A) The production manager is generally responsible for acquiring quality materials.
B) The production manager is generally responsible for the materials usage variance.
C) The production manager is generally responsible for the materials price variance.
D) The purchasing department is generally concerned with minimizing scrap, waste, and rework.

Question

Quizplus · Accepted Answer

The use of materials variance information is primarily concerned with tracking the difference between the actual usage of materials and the expected usage, which is the responsibility of the production manager. The materials price variance is concerned with the difference between the actual cost of materials and the expected cost, which is the responsibility of the purchasing department. While the purchasing department may be concerned with minimizing scrap, waste, and rework, this is not specifically related to the use of materials variance information.

What Is Characteristic of the Use of Materials Variance Information