Responsibility accounting can help managers identify the causes of variances,thereby allowing them to determine what was controllable.

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Responsibility accounting is a system of tracking and reporting financial performance by individual managers, departments, or units within an organization. By assigning specific responsibilities and accountability to different managers or departments, responsibility accounting can help identify the root causes of variances in budgeted versus actual performance. This allows managers to determine which factors were within their control and what actions can be taken to address any issues or opportunities for improvement.

Responsibility Accounting Can Help Managers Identify the Causes of Variances,thereby