Responsibility centres are departments or organizational functions whose performance is the direct responsibility of specific managers. One type of responsibility centre is a revenue centre, which is responsible for

Related MCQs

• Match the following general applications of performance assessment with their specific purposes I. Administrative Uses/ Decisions ----- A. Performance Feedback II. Documentation ------ B. Lay - offs III Organizational Maintenance/ Objectives ---- C. Helping to meet legal requirements IV. Developmental Uses ----- D. Evaluation of HR systems
• During the month of December actual direct labor cost amounted to Rs. 39,550, the standard direct labor rate was Rs.10 per hour and the direct labor rate variance amounted toRs.450 favorable. The actual direct labor hours worked was:
• If the responsibility centre gets more revenue from output, then it is called…
• During the month of January, the standard cost of actual hours worked amounted to Rs.25, 000, the standard direct labor rate was Rs.10 per hour and the direct labor efficiency variance amounted to Rs.1, 000 favorable. The standard hours allowed for actual production were:
• The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are __________.
• The responsibility accounting is a system by which the responsibility is assigned to the concerned persons…
• The responsibility accounting emphasizes the performance of ____
• In responsibility centre, the output is called as…
• The determination of actual value of assets employed in a responsibility centre is…
• A management concept under which all managers and employees at all stages of company operations strive toward higher standards and a reduced number of defective units are called: