Responsibility reports for cost centers

Related MCQs

• Responsibility centers include
• Cost Audit is applicable in case of the companies falling under certain specific categories of industries and for those companies who have been asked by the central government to maintain the cost accounting records and get these cost accounting records audited as per the provisions of of the Companies Act, 2013
• Classification of responsibility center is based on the nature of the monetary ……………
• The responsibility center whose inputs are measured in monetary terms, but whose output is not, is ………………..
• A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known as a(n)
• Under responsibility accounting, the evaluation of a manager’s performance is based on matters that the manager:
• Controllable costs, as used in a responsibility accounting system, consist of:
• Compliance with the Standard of Auditing is the responsibility of
• In a responsibility report for a profit center, controllable fixed costs are deducted from contribution margin to show:
• A cost center manager