Explain the concept of responsibility accounting. What are the different types of responsibility centres.
Question:
Explain the concept of responsibility accounting. What are the different types of responsibility centres.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Responsibility accounting is a management accounting concept that focuses on decentralizing an organizations financial responsibilities and holding individuals or departments accountable for their per...View the full answer
Answered By
ROXAN VEGA
I have extensive hands-on experience and proficiency in assisting students in various subjects. During my tutoring sessions, I prioritize creating a supportive and engaging learning environment. I strive to understand each student's unique learning style and tailor my teaching methods accordingly. I am patient, empathetic, and skilled at breaking down complex concepts into simpler, more manageable parts. I encourage active participation and discussion, promoting critical thinking and problem-solving skills.
One of my strengths as a tutor is my ability to adapt to different learning needs and styles. I can explain difficult concepts using real-life examples, visual aids, or interactive exercises, depending on what works best for the student. I also provide clear explanations, answer questions, and offer guidance in a clear and concise manner.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Hendrix v. United States, 219 U.S. 79 (1911)Links to an external site. First, concisely describe the background of the case and identify the Issue of the trial. Identify the plaintiff and the...
-
A. You are given the following information related to ABC manufacturing company Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit...
-
"Role of accounting in mediating empathic care for the other" Required: i. Explain the concept of "empathic care" with reference to a selected business. ii. Investigate whether conventional...
-
Explain why some conditions on the market are regarded as anomalies and explain how that affects factor investing.
-
Color Graphics (CG) specializes in printing glossy magazines. CG currently has orders for four magazines, with each magazine being issued on its own cycle. With the four magazines, CGs capacity is...
-
what aspects of knowing how and knowing that can be reliably measured to be meaningful for an organisation and its external stakeholders?
-
What are risk triggers or flags? AppendixLO1
-
Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them byletter. 2,000 12,000 Work in...
-
can someone please help with the question below? Required information The following information applies to the questions displayed below.) Green Wave Company plans to own and operate a storage rental...
-
A wet t-shirt hung on a hanger has a total surface area of about 0.6 m2 . It loses water as follows: time (min) 0 5 33 45 weight (g) 661 640 580 553 Calculate the flux of water vapor away from the...
-
The operating performance of the three division of ABC company for 2003 is as follows: (a). Using the operating profit margin percentage as the criterion, which is the most profitable division? (b)....
-
Yonex India Ltd. is segmented into three divisions A, B and C. All were formed in the same year and now all assets have left exactly one-half of their expected life. Top management is attempting to...
-
For Kozy Company, actual sales are $1,200,000 and break-even sales are $840,000. Compute (a) The margin of safety in dollars and (b) The margin of safety ratio.
-
List and describe three common interview mistakes which compromise the quality of the selection process.
-
Player I chooses a positive integer x > 0 and player II chooses a positive integer y > 0. The player with the lower number pays a dollar to the player with the higher number unless the higher number...
-
1. Distinguish between risk management and risk transfer. As the manager of XYZ FBO, what measures would you put in place to ensure risk reduction?
-
Devlop a sumary of your understanding of Learning and Retention. In the sumary, think about how you see Learning and Retention fitting into the entire study of Organizational Behavior. How does the...
-
Emani, Peters and Desai et al (2018) "conducted a cross-sectional survey of adopters and non-adopters of the portal...the survey consisted of perceived attributes from the DOI theory,...
-
You bought one of Bergen Manufacturing Co.'s 6.4 percent coupon bonds one year ago for $1,032.50. These bonds make annual payments and mature six years from now. Suppose you decide to sell your bonds...
-
A city maintains a solid waste landfill that was 12 percent filled at the end of Year 1 and 26 percent filled at the end of Year 2. During those periods, the government estimated that total closure...
-
Quality improvement, relevant costs, and relevant revenues. The Thomas Corporation sells 300,000 V262 valves to the automobile and truck industry. Thomas has a capacity of 110,000 machine-hours and...
-
Quality improvement relevant costs, and relevant revenues. The Tan Corporation uses multicolor molding to make plastic lamps. The molding operation has a capacity of 200,000 units per year. The...
-
Quality improvement relevant costs, and relevant revenues. The Tan Corporation uses multicolor molding to make plastic lamps. The molding operation has a capacity of 200,000 units per year. The...
-
ABC company makes turbo-encabulators, customized to satisfy each customers order. They split overhead into five pools, each with its own activity driver (direct labor for manufacturing, direct labor...
-
Variable manufacturing overhead becomes part of a unit's cost when variable costing is used.Group of answer choicesTrueFalse
-
Santa Fe Corporation has computed the following unit costs for the year just ended:Direct Material used $23Direct Labor $18Fixed selling and administrative cost $18Variable manufacturing overhead...
Study smarter with the SolutionInn App