Problem list Assignment Example | Topics and Well Written Essays - 250 words

Problem list - Assignment Example17). discriminatory material price chance variable is majorly ca roled by the purchase of better quality and expensive barren materials than the budgeted ones, damage of materials after arrival requiring an imperative reorder on a rush basis. All these f momentors work to raise the price of raw materials causing an unfavorable price variance. The individuals who should be held responsible for unfavorable material price variance is the purchase tutor since he is the one having control over price paid for goods and any other price variations.Unfavorable savvy efficiency variance on the other hand is caused by misfortunate quality of raw materials, poorly trained workers, faulty equipments, poor supervision of workers, and poorly motivated workers among others. The person responsible for labor efficiency variance is the production manager, production manager in case he orders the purchase of poor materials and the work center managers responsible for workers in the various departments.Ethical principles of privateity and integrity require that employees of the composition should act in the utmost benefit of the conjunctions interest. In addition the management accountants of any organization are required to maintain the highest standards of ethical conduct in their duties. In this respect they should not use any information about their company for their selfish gain, since confidentiality principle requires them not to disclose any confidential information they have acquired from the company in the course of their work with them.Being Tastee Fruit Companys Accountant, Adams is exposed to some vital information about the company for example the prices in which it buys its raw materials. By the fact he disclosed this information to his friend Adams has appeared to and has used the confidential information about the company for an unethical advantage of his friend, a third party to the organization. In addition, if he were t o suggest a cheaper try of