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What is basic purpose of a responsibility accounting system

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Reference no: EM132959394

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

Reference no: EM132959394

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