Under a standard cost system, the materials efficiency variances are the responsibilty of?

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When calculating cost variances under a standard costing system we must:
Posted by:
Vinod Jetley
31-October-2014

A- Sales and industrial engineering.

B- Production and industrial engineering.

C- Purchasing and industrial engineering.

D- Purchasing and sales.

Accounting Auditing Budgeting Financials Costing

Question added by Mobeen Tahir , Credit Officer , Tawuniya Insurance
Date Posted: 2015/04/22

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3 Answers

by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer B is the correct answer

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by TIMOTHY Ngungi , Compliance co-ordinator , Barclays Bank of Kenya

PRODUCTION AND INDUSTRIAL ENGINEERING

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Md. Moshiur Rahman Sumon

by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

For budgetary controlling system , material efficiency of usage is the controllable although purchasing price merely impact in this regard

(B) -Production and engineering is correct answer

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