GC Pharma is engaged in the manufacturing of medicine. The company has decided to produce 10000 medicine in the year 2021 for which the company has defined the budget of Rs.1,90,000 at the beginning of the year. Still, at the end of the year, it has noticed the actualcost incurredfor the production is Rs.1,95,000.

There is an excess expenditure of Rs.5000 over-budgeted expenditure. Kindly suggest -

Which responsibility manager has to explain excess expenditure of Rs. 5000 and alsoExplain the components of Responsibility Accounting.