Hercules Inc. uses a performance reporting system that shows data for each subordinate employee who reports to a supervisor, the actual costs incurred during the period, the budgeted costs, and all variances from budget for that subordinates department. The name of this reporting system is a. Contribution accounting. b. program budgeting. c. Flexible budgeting. d. Cost-benefit accounting. e. Responsibility accounting.
Chapter 8, MULTIPLE-CHOICE QUESTIONS #7
Hercules Inc. uses a performance reporting system that shows data for each subordinate employee who reports to a supervisor, the actual costs incurred during the period, the budgeted costs, and all variances from budget for that subordinate’s department. The name of this reporting system is
a. Contribution accounting.
b. program budgeting.
c. Flexible budgeting.
d. Cost-benefit accounting.
e. Responsibility accounting.
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