3. The preparation of reports for each level of responsibility shown in the company's organization chart. 4. A projection of budget data at one level of activity. 5. Costs that a manager has the authority to adjust within a given period of time. 6. The use of budgets to control operations. 7. A projection of budget data for various levels of activity. 8. A responsibility center that incurs costs, generates revenues, and has control over the investment funds available for use. 9. Costs that relate specifically to a responsibility center and are incurred for the sole benefit of the center. 10. A responsibility center that incurs costs and also generates revenues. 11. Costs which are incurred for the benefit of more than one profit center. 12. A measure of the profitability of an investment center computed by dividing controllable margin (in dollars) by average oper View Policies Current Attempt in Progress Match the following statements to the appropriate terms. ults and planned objectives. individual manager who has the authority to make the day-to-day decisions about the items. Direct fixed costs Profit center Management by exception Budgetary control Indirect fixed costs Responsibility accounting Static budget Flexible budget Investment center Responsibility reporting system Controllable costs Return on Investment for use. for use. rage operating assets. II LA 1. Match the following statements to the appropriate terms. 1. The review of budget reports by top management directed entirely or primarily to differences between actual results and pla 2. A part of management accounting that involves accumulating and reporting revenues and costs on the basis of the individual 3. The preparation of reports for each level of responsibility shown in the company's organization chart. 4. A projection of budget data at one level of activity. 5. Costs that a manager has the authority to adjust within a given period of time. 6. The use of budgets to control operations. 7. A projection of budget data for various levels of activity. 8. A responsibility center that incurs costs, generates revenues, and has control over the investment funds available for use. 9. Costs that relate specifically to a responsibility center and are incurred for the sole benefit of the center. 10. A responsibility center that incurs costs and also generates revenues. 11. Costs which are incurred for the benefit of more than one profit center