1. Describe a decentralized type of organization; and it's advantages.
2. Explain the importance of decentralization in a responsibility accounting system.
3. Explain the difference between traceable and common fixed costs.
4. Explain variable costing and its advantages.
5. Describe absorption costing.
6. Why do managers prefer direct costing than absorption costing?

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1 Decentralized Organization and its Advantages A decentralized organization is a type of organizational structure where decisionmaking authority and responsibility are delegated to lowerlevel manager... View the full answer