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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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The materials usage variance is always the responsibility of the production supervisor. Do you agree or disagree? Why?

To determine

State whether the production supervisor is always responsible for material usage variance. Also explain the reason.

Explanation

Variance:

The amount obtained when actual cost is deducted from budgeted cost is known as variance. Variance is calculated to find whether the cost is over applied or under applied.

The statement is not true because material usage variance can be caused by factors which are not in control of the production supervisor...

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