A responsibility accounting performance report displays:
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 should display both actual and budgeted costs to evaluate the performance of a specific department or manager. This allows for variance analysis to identify any discrepancies between actual and budgeted expenses and helps to identify areas where corrective actions may be necessary.

A Responsibility Accounting Performance Report Displays