COST ACCOUNTING
RESPONSIBILITY ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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which of the following is not a problem for responsibility accounting
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information overload
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conflict between departments
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information delay
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determination of controllable and uncontrollable costs
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all answers are wrong
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Explanation:
Detailed explanation-1: -Accounting centre is not applicable to responsibility accounting.
Detailed explanation-2: -Sales center is not a responsibility center as it only defines the amount of sales of an organisation in a particular year or period.
Detailed explanation-3: -Responsibility accounting segregates uncontrollable costs from controllable costs.
Detailed explanation-4: -Features of Responsibility Accounting The monetary term of inputs is costs, and outputs are correspondingly called revenues. Hence, cost and revenue information is crucial for responsibility accounting.
There is 1 question to complete.