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

Question

Quizplus · Accepted Answer

A Responsibility accounting performance report accumulates the actual costs that a manager is responsible for and their budgeted amounts. It helps in evaluating the performance of the manager by comparing the actual results with their budgeted amounts. The other options are not specific to the responsibilities of a manager and do not accumulate actual costs against their budgets.

A Report That Accumulates the Actual Costs That a Manager