A report that accumulates the actual expenses that a manager is responsible for and their budgeted amounts is a:
A) Departmental accounting report.
B) Managerial cost report.
C) Controllable expense report.
D) Responsibility accounting performance report.
E) Segmental accounting report.

Question

Quizplus · Accepted Answer

A responsibility accounting performance report is designed to show the actual expenses incurred by a manager, as well as the budgeted amounts for those expenses, allowing the manager to see how well they are managing their responsibilities. The other choices do not accurately describe this type of report.

A Report That Accumulates the Actual Expenses That a Manager