201-SELF STUDY PROB-WEEK 13-S'12

201-SELF STUDY PROB-WEEK 13-S'12 - purchasing manager. 10-9...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
201 - SELF STUDY PROBLEMS – SOLUTIONS - WEEK 13 10-7, 10-8, 10-9, 10-10 Problem 10-7, 10-8, 10-9, 10-10 Meaning of DM price variance Who affects DM price variance Meaning of DM quantity variance Who affects DM quantity variance 10-7 An unfavorable direct-material price variance means that a higher price was paid for the material than was expected when the standard was set. A favorable variance has the opposite interpretation. 10-8 The manager in the best position to influence the direct-material price variance is the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: purchasing manager. 10-9 An unfavorable direct-material quantity variance means that a larger amount of material was used in the production process than should have been used in accordance with the standard. A favorable variance has the opposite interpretation. 10-10 The manager in the best position to influence the direct-material quantity variance usually is the production manager....
View Full Document

Ask a homework question - tutors are online