Managerial accounting includes the controlling function. Which of the following items would be part of the controlling function of a business's managerial accounting?
A) Comparing actual performance to previously budgeted amounts
B) Creating detailed budgets
C) Devising marketing and production plans
D) Setting product prices

Question

Quizplus · Accepted Answer

The controlling function of managerial accounting involves monitoring and adjusting actual performance in relation to budgeted amounts. This ensures that the business stays on track and makes necessary adjustments to achieve its goals. Creating detailed budgets, devising marketing and production plans, and setting product prices are all part of the planning function of managerial accounting.

Managerial Accounting Includes the Controlling Function