Could some responsibility centers differ as to the type of budget items for which they are accountable?

Question:

Could some responsibility centers differ as to the type of budget items for which they are accountable? That is, might some responsibility centers be responsible only for costs, some only for revenues, and some for both? Give examples.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting An Introduction to Concepts Methods and Uses

ISBN: 978-0324639766

10th Edition

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

See More Books

Question Posted: Jun 04, 2012 12:16 AM

See More Questions

Is the length of unemployment related to the type of industry? A random sample of unemployed workers from three different sectors yielded the following data. At the 0.05 level of significance, are...
Political stability is commonly related to the type of government and degree of corruption present in a Turkey. In addition, Christopher & Banks may face various business regulations when...
Give some examples of types for which it might be useful to define two or more distinct possible representations. Can you think of an example where distinct possible representations for the same type...
Use a calculator to obtain solutions correct to the nearest hundredth in Problems 4954. x + 4 = 32x
You are trying to decide between two mobile phone carriers. Carrier A requires you to pay $200 for the phone and monthly charges of $60 for 24 months. Carrier B wants you to pay $100 for the phone...
Visit an adult foster care facility or nursing home in your area. Prepare a report on the kinds of services provided, the living conditions for the patients, and how the use of the facility would...
Do you think the situation can be resolved in this manner?
Firm A plans to acquire Firm B. The acquisition would result in incremental cash flows for Firm A of $10 million in each of the first five years. Firm A expects to divest Firm B at the end of the...
These partially completed Income Statement columns from a 10-column work sheet are for the Winston Sailem Boat Rental Company for the year ended December 31, 2020. The owner's name is Carl Winston...
Write a short Java method, inputAllBaseTypes, that inputs a different value of each base type from the standard input device and prints it back to the standard output device.
How would management evaluate performance without a budget?
Refer to Exhibit 10.11 on page 369. How does percentage of positions filled from within the company measure worker involvement and commitment?
What test can be performed to compare the prevalence of disk herniation between the patients who received surgery vs. the patients who did not receive surgery? Orthopedics A study was performed among...
15.5 please help will give like if answers r correct Exercise 15-8 (Static) Sales-type lease with selling profit; lessor; calculate lease payments [LO15-3] Manufacturers Southern leased high-tech...
When my son was young, he had 8 different plastic dinosaurs to arrange. How many ways could he arrange his 8 dinos? He had favorite dinos, so placing them in proper order was very important. How many...
Process P1 init (mutEx); num = 0; loop1 = 0; while (loop1 < 3) wait (mutEx); num num + 1; signal (mutEX); loop1 loop1 + 1; Process P2 loop2 = 0; while (loop2 < 2) wait (mutEx); num num + 10;...
PROBLEM 3-5B Following is the chart of accounts of Smith Financial Services: Assets 111 Cash 113 Accounts Receivable 115 Supplies 117 Prepaid Insurance 124 Office Furniture Liabilities 221 Accounts...
4. Identify a service you could refer Casey to and write a referral for her (up to 300 words).
How does leadership affect job performance and organizational commitment?
The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...
Solve the equations and inequalities in Problems 715. a. 2x + 5 = 13 b. 3x + 1 = 7x
Step Rite Company manufactures and sells shoes. Step Rite uses activity-based costing to determine the cost of the sales order processing and the shipping activity. The sales order processing...
Gold Crest Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. The activity rates...
First Horizon Trust Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing, check processing, and ATM transaction...
How do external factors such as changing consumer preferences affect the retail industry?"
Production costs that are not attached to units that are sold are reported as: Cost of goods sold Selling expenses Administrative costs Inventory
Please show workings :) Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Life of...

Could some responsibility centers differ as to the type of budget items for which they are accountable?

Question:

Step by Step Answer:

Some responsibility centers are responsible only for cos...View the full answer

Managerial Accounting An Introduction to Concepts Methods and Uses

Students also viewed these Managerial Accounting questions