User Account

All Pages

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

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Was each of the following amounts overstated

Was each of the following amounts overstated, understated, or not affected by the error?

  How do calculate or obtain the yearly cashflows

How do calculate or obtain the yearly cashflows. Use the National Safety Council's average recordable injury cost of $37,000 to calculate ROI

  What will be the total expected unit cost for four aircrafts

What will be the total expected unit cost for four aircrafts? Eagle Airplane Company has built a new model jet aircraft, which it intends to sell to high net

  Explain how will impact the employees net pay

Explain how will impact the employees' net pay and the employer's payroll costs. Your employer is considering adding a group term life insurance plan

  Journalize the entries to record the transactions

Declared cash dividends of $4.00 per share on preferred stock and $0.04 per share on common stock. Journalize the entries to record the transactions

  What are the receipts from sales on account for October

Daybook Inc. collects 30% of its sales on account in the month of the sale. What are the receipts from sales on account for October

  Calculate break even value using the mariginal income ratio

CALCULATE BREAK EVEN VALUE USING THE MARIGINAL INCOME RATIO. The forecasts for January 2021 were provided by Waltons Manufacturers

  Discuss capital investment techniques of net present value

How Distinguish between the 3 capital investment techniques of Net Present Value, Internal Rate of Return, and Payback Method.

  Find what was the sales volume variance for february

Find What was the sales volume variance for February? Alaska Company expressed the total expenses (Y) component of its master budget for February.

  Prepare the adjusting entry for the deferred tax

MACRS depreciation was $209,301 higher than book. Prepare the adjusting entry for the deferred tax. There have been recent tax structure changes

  Create journal entry to record acquisition by swan river ltd

Create journal entries to record the acquisition by Swan River Ltd, assuming that The cost of acquisition was $144,000 and $200,000 cash.

  What are the features of managerial accounting

How managerial accounting course is help in your professional future, problem-solving, management, leadership, organizational behavior, etc.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd