Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Under responsikility accounting, a manager's performance is evaluated based on matters that are directly under that manager's control. cost centres are NOT classified as responsibility
Under responsikility accounting,
a manager's performance is evaluated based on matters that are directly under that manager's control.
cost centres are NOT classified as responsibility centres since there is no revenue responsibility.
both controllable and noncontrollable costs receive the same attention.
as one moves up each level of responsibility in an organization, the responsibility reports become more detailed.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started