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Provide a well-reasoned verbal discussion/argument for the solutions/conclusions they have derived that reflects a basic knowledge, understanding of managerial accounting concepts. properly explaining the rationale
Provide a well-reasoned verbal discussion/argument for the solutions/conclusions they have derived that reflects a basic knowledge, understanding of managerial accounting concepts. properly explaining the rationale behind the conclusions you derived on How can/should responsibility center managers use accounting information developed from the four (4) defined practices be utilized to make better decisions.
Variance analysis
Standard costs
Cost volume profit analysis
Efficiency
- How can/should responsibility center managers be “helped” on how to use this information in the best possible way within their individual responsibility centers.
- How can/should responsibility center managers department decision making performance be properly evaluated. Also, as it relates to this topic, discuss the impact that company bonuses can/should have on responsibility center managers decision process.
- If top management determines that the company will not provide a defined practice if the cost of providing the defined practice outweighs the perceived benefits and strategic risk, how can/should the Accounting Department make this determination and how will this impact the holding of a Responsibility Center accountable. and defend the how/why behind your conclusions (why you believe your thought process to be sound, logical, and of benefit to the company).
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