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Which department should usually be held responsible for an unfavorable materials price variance?In general, the purchasing agent is responsible for the material price variance. 5. When more hours of labor time are necessary to complete a job than the standard allows, the labor rate variance is unfavorable.
Who is responsible for material price variance?The materials price variance is usually the responsibility of the purchasing manager. The materialsquantity and labor efficiency variances are usually the responsibility of production managers andsupervisors.
Which department would normally be responsible for the direct material price variance?Generally, the purchasing department of the company is responsible for direct materials price variance since it has control over the acquisition of materials, including the selection of suppliers.
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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