Question
Responsibility accounting is defined as a system that a. measures the results of a manager responsible for revenues and costs. b. measures actual results
Responsibility accounting is defined as a system that a. measures the results of a manager responsible for revenues and costs. b. measures actual results against a flexible budget. c. measures the results of each responsibility center and compares those results with some measure of expected or budgeted outcome. d. measures responsibility by function only.
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
