A responsibility accounting performance report documents:
A) Only actual costs.
B) Only budgeted costs.
C) Both actual costs and budgeted costs.
D) Only direct costs.
E) Only indirect costs.

Question

Quizplus · Accepted Answer

A responsibility accounting performance report documents both actual costs and budgeted costs in order to compare the two and evaluate performance. This allows for identification of areas where costs are over or under budget and the implementation of corrective actions.

A Responsibility Accounting Performance Report Documents