The determination of actual value of assets employed in a responsibility centre is…

Related MCQs

• 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
• The responsibility accounting is a system by which the responsibility is assigned to the concerned persons…
• In responsibility centre, the output is called as…
• 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:
• 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:
• The management accounting can be stated an extension of 1) Cost Accounting 2 ) Financial Accounting 3) Responsibility Accounting
• The responsibility accounting stresses on _________
• In responsibility accounting system…
• The responsibility accounting emphasizes the performance of ____