Managers in which of the following responsibility centers are held responsible forprofits? (You may select more than one answer.)a. Revenue centersb. Cost centersc. Profit centersd. Investment centers

Q: Practice : a: Explain the importance of incentive systems for motivating performance. b: Identify…

A: In order to achieve the goal of the company, the organization should provide compensation program…

Q: what accounting method will be used to evaluate each of the responsibility centers?

A: Responsibility accounting: Responsibility accounting refers to the various tool used by managerial…

Q: a. the organizational effectiveness perspective. conectivo

A: An organizational perspective can be defined as the method used by the organizations to define the…

Q: In responsibility accounting, why are reports to higherlevel managers usually summarized?

A: Responsibility Accounting:   The management of responsibility centers by the means of Fe-determined…

Q: How management accounting and cost accounting can be an efficient in monetary and non-monetary…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: Which among the following is a tool of management accounting? a. Risk analysis b. Budgeting c.…

A: Accounting for management: Management or managerial accounting establishes organizational goals by…

Q: A profit center manager often also supervises revenue and cost center managers. True or False True…

A: Solution 1: True, A profit center manager often also supervise revenue and cost center manager…

Q: The cost management information system provides information *       A. that the accountant needs to…

A: Answer: The cost management information system provides information *   B. that the manager…

Q: Match each of the following with its appropriate term. Controllable factors This is the part of an…

A: An investor center is a unit of business which is responsible for its own assets, income and…

Q: Responsibility centers typically involve cost, profit, and investment centers. What is the basic…

A: A responsibility center is a functional entity within a company with its own aims and objectives,…

Q: Distinguish between managerial and financial accounting A users and decision makers B Purpose of…

A: Financial accounting represents the collection of financial information and preparation of financial…

Q: what type of decision-making process is supported by management accounting

A: Type of decision-making process is supported by management accounting will be explained:

Q: Non financial measures are related to elements of result control Select one: O a. Market condition O…

A: Non financial measures are helpful in providing information on a company's performance in non…

Q: QUESTION 15 Which of the following is not a type of responsibility centers?   A. cost center   B.…

A:

Q: Which function of Management is concerned with an effective procurement of human resources and…

A: Answer: option (a) Staffing is one of the significant functions of management.it is a continuous…

Q: What is the key feature of activity-based responsibility accounting? Briefly explain.

A:

Q: responsibility centers have accountability for revenues

A: First option is wrong because although investment center has accountability for revenues, cost…

Q: Explain how the choice of the type of responsibility center (cost, revenue, profit, or investment)…

A:

Q: The objective of Responsibility Accounting is to evaluate performance and provide a feedback so that…

A: Responsibility accounting falls within the realm of management accounting wherein the accounting…

Q: What is Earning management/creative accounting? How might the monitoring and bonding features of the…

A: Earnings management is the use of accounting practices to construct financial statements that…

Q: What is the similarities and defference between cost accontant, management accountant and fanincial…

A: Cost accountant deals with ascertainment, allocation, recording and analysis of accounting data. It…

Q: How different in management accounting from cost accounting? Provide a brief commentary in two…

A: Definition: Accounting: Accounting is the process of recording, summarizing, and reporting all the…

Q: What are the financial and non-functional objectives that managers in an organization should pursue…

A: Every business operates and functions in the direction of certain objectives and goals and these…

Q: Which of the following is not an advantage of budgeting? a) Forces managers to plan b) Provides…

A: Budget: A budget is an estimation of revenue and expenses over a specified period of time and is…

Q: indirect material, mixed cost , budgeting, margin of safet

A: The below mentioned are the definitions of indirect material Mixed cost Budgeting Margin of safety

Q: Which one of the following is related to the decision making function of management: a. None of the…

A: The correct answer is option  b. Choosing among alternatives

Q: Identify whether each description most likely applies to managerial (M) or financial (F) accounting.…

A:

Q: What challenges managers faced when implementing strategic management accounting approach?

A: Strategic management accounting means analysis of financial information for use by management for…

Q: For each of the following, select its best description. A. Provides information used to evaluate the…

A: SOLUTION- INVESTMENT CENTER IS A BUSINESS UNIT WITHIN AN ENTITY THAT HAS RESPONSIBILITY FOR ITS OWN…

Q: Which one of the following is NOT a budgetary benefit? It establishes the organization's goal. It…

A: Budgeting is a written plan covering projected activities of a firm for a defined period of time…

Q: Match each of the following type of responsibility centers with what all they are accountable for.…

A: Responsibility Center: A business segment whose managers are responsible or accountable for certain…

Q: Based on the assignment and what you know about management accounting, what do you believe is the…

A: Management accounting :             The branch of accounting which facilitates the information from…

Q: Why is goal congruence important to an organization’s success? How does a responsibility-accounting…

A:

Q: Responsibility centers. Elmhurst Corporation is considering changes to its responsibility accounting…

A: Responsibility Center: The responsibility center is the specific centre in which each work is…

Q: Describe a strategic-based responsibility accounting system. How does it differ fromactivity-based…

A: Responsibility accounting is a means of evaluating the performance of various divisions within an…

Q: evaluated only on ROI.

A: ROI is the return on investment made by entity.

Q: Which of the following statements doesn't describe the organizational strategies: Select one: O a.…

A: Organisational strategies may be defined as long term plans formed by the organisation to channelise…

Q: how does the accounting process help address issues caused by information asymmetry?

A: Since there are multiple question asked, answer will be given for first question only, to get all…

Q: A responsibility center in which the department manager has responsibility for and authority over…

A: Costs might be traced to manufacturing and to specific locations within a business entity and…

Q: Activity center is a unit in an organization for which management wants the costs of a set of…

A: Meaning of Activity Center: A segment of the production or service process for which management…

Q: Managerial Accounting

A: Correct Answer is :- C includes cost accounting as on of its major tools .

Q: Management accounting focus on the benefits of users. Select one: O True O False

A: Managerial accounting seems to be the act of “identifying, assessment, research, and presentation of…