Q5TI - Horngren'S Financial And Managerial Accounting

Question

Question: Match the product cost variance with the manager most probably responsible. Some answers may be used more than once. Some answers may not be used. 

Variance Manager 

19. Variable overhead cost variance 

20. Direct materials efficiency variance 

21. Direct labor cost variance 

22. Fixed overhead cost variance 

23. Direct materials cost variance 

a. Human resources 

b. Purchasing 

c. Production

Step-by-Step Solution

Answer

Answer

The matching is done as per the requirements of the question.

 

Step 1 Definition of direct Materials

Direct materials are defined as the raw material which is used in the manufacturing process of the company and gets converted into the finished product.

Step 2 Matching

Variance	Managers
Variable overhead cost Variance	Production
Direct materials efficiency variance	Production
Direct Labor cost variance	Human Resources
Fixed Overhead Cost Variance	Production
Direct materials cost variance	Purchasing