Question: 35&36 QUESTION 35 What does the term responsibility accountingmean? Oa. Managers should not care about any area outside of their responsibility. b. Managers are held
QUESTION 35 What does the term "responsibility accountingmean? Oa. Managers should not care about any area outside of their responsibility. b. Managers are held responsible for all aspects of the company O c. Managers are fired if the results of their assigned areas of responsibilities do not meet budgeted goals. d. Managers should be held responsible for those items, and only those items, that the manager can control to a significant extent QUESTION 36 Which of the following is a disadvantage of using standard costs? a. None of the given choices are disadvantages of using standard costs. b. Reasonable standards can be benchmarks for employees. c. It doesn't assist in responsibility accounting d. Favorable variances are not always favorable
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