Solution-Which successful responsibility accounting

Which successful responsibility accounting reporting system

Assignment Help Managerial Accounting

Reference no: EM132960159

Problem 1. What is the basic purpose of a responsibility accounting system?

a. Budgeting c. Authority

b. Motivation d. Variance analysis

Problem 2. A successful responsibility accounting reporting system is dependent upon

a. The correct allocation of controllable variable costs

b. Identification of the management level at which all costs are controllable

c. The proper delegation of responsibility and authority

d. A responsible separation of costs into their fixed and variable components since fixed costs are not controllable and must be eliminated from the performance report

Problem 3. What is the LEAST complex segment or area of responsibility for which costs are allocated?

a. Profit center c. Contribution center

b. Investment center d. Cost center

Reference no: EM132960159

Questions Cloud

What types of metrics are used in hr : What types of metrics are used in HR? How are analytics used in HR?

What is total cash outflow at time zero ie initial outlay : What is the total cash outflow at time zero (i.e. initial outlay)? The existing equipment will produce after tax salvage value of $70,000. Net working capital.

The mediating role of human resource practices : Using data from the fourth and fifth European Working Conditions Surveys, the author examines how work uncertainty and the use of individual and bundled human r

Determine the current outcome : Identify two "GAP's" at your current organization of study, and follow the steps below for each.

Which successful responsibility accounting reporting system : What is the basic purpose of a responsibility accounting system? What is the LEAST complex segment or area of responsibility for which costs are allocated?

What is the annual payments : What is the annual payments (rounded to nearest dollar) you need to make to fully amortise a 20-year, $250,000 mortgage on a building at a 6% interest rate

Ensure pay equality for employees in the spite : Question: What techniques or strategies could human resources and companies use to ensure pay equality for employees in the spite of a pandemic?

What will be the effect on profit of accepting the order : PowerDrive, Inc. produces a hard disk drive that sells for $175 per unit. The cost of producing 25,000 drives in the prior year was: Direct material$625,000Dire

Describe the two types of accounts receivable : Describe the TWO (2) types of accounts receivable confirmation requests and indicate the factors you will consider in determining when to use each

User Account

All Pages

Which successful responsibility accounting reporting system

Reference no: EM132960159

Reference no: EM132960159

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT