In responsibility accounting, why are reports to higher-level managers usually summarized?
In responsibility accounting, why are reports to higher-level managers usually summarized?
Homework Answers
Lower-level managers are often responsible for these detailed costs and detailed reports can obscure the broafer issues facing the top managers of an organization. And it is misunderstood that the management by exception does not have to examine the operating details of the lower levels unless there is a problem.
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In responsibility accounting, why are reports to higher-level
managers usually summarized?
responsibility accounting performance reports are equally Responsibility accounting performance reports: Are equally detailed at all levels...
responsibility accounting performance reports are
equally
Responsibility accounting performance reports: Are equally detailed at all levels of management. O Are irrelevant at the highest level of management. Are useful in any format. O Are usually summarized at higher levels of management,
In a responsibility accounting system: A. Managers are responsible for their departments' controllable costs. B. Each...
In a responsibility accounting system: A. Managers are responsible for their departments' controllable costs. B. Each accounting report contains all items allocated to a responsibility center. C. Organized and clear lines of authority and responsibility are only incidental. D. All managers at a given level have equal authority and responsibility. E. Outputs of the departments are not part of the evaluation process. Decentralization refers to the delegation of decision-making authority to O A. top management OB. superiors. board of directors....
Why is it important for managers to include social responsibility and environmental responsibility along with goals...
Why is it important for managers to include social responsibility and environmental responsibility along with goals to increase profits in their strategic planning?
1. The main goal of financial accounting reports is to distribute accounting reports such as annual...
1. The main goal of financial accounting reports is to distribute accounting reports such as annual reports to the internal users such as managers. True or False and why 2. In comparison to financial accounting, managerial accounting has fewer mandated rules. True or False and why
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant...
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiane plant is responsible for all of that plant's costs other than her own salary The plant has two operating departments and one service department. The comper and trailer Operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages provides services equally to the two operating departments. A budget is prepared for each...
Explain why the management of misbehavior is an important responsibility that managers must address?
Explain why the management of misbehavior is an important responsibility that managers must address?
Saved Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie...
Saved Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for...
Why is goal congruence important to an organization's success? How does a responsibility accounting system foster...
Why is goal congruence important to an organization's success? How does a responsibility accounting system foster goal congruence? Describe the relationship between performance reports and flexible budgeting.
Why is it usually difficult to assign moral responsibility for computer system failures to a particular...
Why is it usually difficult to assign moral responsibility for computer system failures to a particular individual?
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whiteh...
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
responsibility accounting performance reports are
equally
Responsibility accounting performance reports: Are equally detailed at all levels of management. O Are irrelevant at the highest level of management. Are useful in any format. O Are usually summarized at higher levels of management,
In a responsibility accounting system: A. Managers are responsible for their departments' controllable costs. B. Each accounting report contains all items allocated to a responsibility center. C. Organized and clear lines of authority and responsibility are only incidental. D. All managers at a given level have equal authority and responsibility. E. Outputs of the departments are not part of the evaluation process. Decentralization refers to the delegation of decision-making authority to O A. top management OB. superiors. board of directors....
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiane plant is responsible for all of that plant's costs other than her own salary The plant has two operating departments and one service department. The comper and trailer Operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages provides services equally to the two operating departments. A budget is prepared for each...
Saved Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for...
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
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