What is the responsibility accounting system

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Question: 1. Consider the manager of the home appliance department at a Home Depot store. For this manager, list two (2) costs that are controllable and two (2) cost that are not-controllable. Explain why you consider them controllable or not-controllable.

2. As the manager of the local Oliver Garden restaurant, list two (2) costs that are considered fixed costs and two (2) costs are considered variable costs. Explain why you consider them fixed or variable costs and explain why you as manager should be concerned that they are correctly categorized.

3. What is the Responsibility Accounting System? Discuss the benefits of such a system.

4. What are sunk costs? Why are they essentially irrelevant in decision making? Provide an example.

Reference no: EM131884571

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