A. Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager's performance in each type of center? What is the problem with using only financial measures of performance?

B. Why is there an inherent conflict between the planning and control uses of budgets?

C. What role do standard costs play in controlling the operations of a business? How are standard costs developed for direct materials, direct labor, and manufacturing overhead? Are there ever costs that we cant develop standards for related to manufacturing the goods?

D. Should managers investigate only unfavorable variances? What factors should be considered when investigating variances? Explain