When is a cost considered to be controllable? A. Only when the manager has the power...
When is a cost considered to be controllable?
- A. Only when the manager has the power to incur the cost within a given time period
- B. Only if the cost is less than the budget amount
- C. Only when the amount changes based on different activity levels
- D. Only when it is a variable cost
Homework Answers
Answer :
Answer is B.Only if the cost is less than the budget amount.
Only B is True.1st we have a plan of preparation budget for Revenues & ecpenses for a particular period.After period end we have actuals of revenues & expenses.Then we can compare the actuals with budegets & identify whether they are within budgets or exceeds the budegets.If actual expenses(cost) exceeds the budgeted expenses(costs) for given capacity & period then it results in costs are high.If actual expenses(cost) less the budgeted expenses(costs) for given capacity & period it means they are under control or cots are controllable
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When is a cost considered to be controllable?
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