Multiple Choice
Which of the following is not true regarding a responsibility accounting system?
A) It is designed to measure the performance of managers in terms of controllable costs.
B) It assigns responsibility for costs to the appropriate managerial level that controls those costs.
C) It should not hold a manager responsible for costs over which the manager has no influence.
D) It can be applied at any level of an organization.
E) It is only relevant in manufacturing companies.
Correct Answer:
Verified
Correct Answer:
Verified
Q90: Expenses that are easily traced and assigned
Q139: The difference between a profit center and
Q140: Pepper Department store allocates its service department
Q141: Allocating joint costs to products using a
Q144: Arkansas Toys,a retail store,has three sales departments
Q145: A useful measure used to evaluate the
Q146: Carter Company reported the following financial numbers
Q148: Ultimo Co.operates three production departments as profit
Q172: In a decentralized organization, decisions are made
Q198: Departmental salary expenses are direct expenses of