A report that specifies the expected and actual costs under the control of a manager is a:
A) Segmental accounting report.
B) Managerial cost report.
C) Controllable expense report.
D) Departmental accounting report.
E) Responsibility accounting report.

Question

Quizplus · Accepted Answer

A responsibility accounting report is a report that specifies the expected and actual costs under the control of a manager. It enables managers to be accountable for the costs within their area of responsibility and helps them to identify areas where they can reduce costs.

A Report That Specifies the Expected and Actual Costs Under