 Show Get the answer to your homework problem. Try Numerade free for 7 days We don’t have your requested question, but here is a suggested video that might help. Related QuestionWho is generally responsible for the materials price variance? the materials quantity variance? the labor efficiency variance? DiscussionYou must be signed in to discuss. Video Transcriptunless trends. We are given a question that who is generally responsible for the material price variants and for material quantity variants and for the labor efficiency variants. Okay, so first of all, we are supposed to know that the purchasing manager is generally responsible for the material price variants. Okay, so we can write anyone right? That purchasing manager but it's using manager is responsible for is responsible for the material price variants. Okay. Material grace variants. The second point is like for material quantity variants. So we are supposed to know that production manager okay, is generally responsible for the material quantity variants. So we can write that production production managers. Production managers is responsibility, sorry, its response responsible for the materials entity materials quantity variance. Okay. And for labor of the efficiency variants, we are supposed to know that they're here. It is the responsible labor efficiency labor we can directly state that production managers and supervisors. Okay. Some production managers, managers and as well as supervisors, supervisors and responsible for labor efficiency variance, labor efficiency variants. Okay, so that's all about our final answer. Thank you. 5. Who is generally responsible for the materials price variance? The materials quantity variance? Thelabor efficiency variance? Get answer to your question and much more 6. The materials price variance can be computed at what two different points in time? Which point isbetter? Why? Get answer to your question and much more 7. If the materials price variance is favorable but the materials quantity variance is unfavorable, whatmight this indicate? Get answer to your question and much more Recommended textbook solutions
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What does the direct materials price variance measure who is generally responsible for the direct materials price variance?Answer and Explanation: Direct Materials Price Variance is the difference between the actual price used and the standard price applied in the actual units of purchase. The formula is Direct Materials Price Variance = (Actual Price - Standard Price) x Actual Units.
Who is responsible for direct materials variance?The purchase price variance is the difference between the standard and actual cost per unit of the direct materials purchased, multiplied by the standard number of units expected to be used in the production process. This variance is the responsibility of the purchasing department.
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Who is generally responsible for the materials price variance the materials quantity variance the labor efficiency variance?
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