Type of accounting system

Assignment Help Accounting Basics

Reference no: EM13123684

Fairmont Inc. uses an accounting system that charges costs to the manager who has been delegated the authority to make decisions concerning the costs. For example, if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager. This type of accounting system is known as:

a. responsibility accounting.

b. contribution accounting.

c. absorption accounting.

d. operational budgeting.

Reference no: EM13123684

Questions Cloud

What is the optimal output, price and profit of the firm : Fill in the table for the perfectly competitive firm. Explain how you arrived at each number and what is the optimal output, price and profit of the firm?

Average cost-rational function and graph : Assuming that the total cost per day, C(x), is linearly related to the total output per day, x, write an equation for the cost function.

Compute the number of units of each product : Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.

What volume of 0.300 m cacl2 is needed : What volume of 0.300 M CaCl2 is needed to prepare 240. mL of a solution which is 0.100 M in chloride ion.

Type of accounting system : if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager...

Construct the rejection region for variance t-statistic : An unpooled variance t-statistic, if appropriate, would have 7 degrees of freedom. Calculate the value of an appropriate test statistic. Construct the rejection region.

Information about asymptotes : Suppose that for a particular person enrolled in a typing class, Sketch a graph of the function f, including any vertical or horizontal asymptotes.

Domain-intercepts-symmetry-asymptotes and graphing : Give the horizontal asymptotes. Graph the function by dividing the axis and tell if the graph is above or below the axis for it's intervals.

Calculate the change in ph : The pH of a 0.40 M HF(aq) solution is 1.93. Calculate the change in pH when 0.356 g of sodium fluoride is added to 50.0 mL of the solution. Ignore any change in volume.

User Account

All Pages