A report that accumulates the actual expenses 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 compares actual expenses to budgeted amounts for which a manager is responsible, focusing on controllable costs.

A Report That Accumulates the Actual Expenses That a Manager