Provide a well-reasoned verbal discussion/argument for the solutions/conclusions they have derived that reflects a basic knowledge, understanding of managerial accounting concepts. properly explaining the rationale behind the conclusions you derived on How can/should responsibility center managers use accounting information developed from the four (4) defined practices be utilized to make better decisions.

Variance analysis

Standard costs

Cost volume profit analysis

Efficiency

1. 
   
2. How can/should responsibility center managers be “helped” on how to use this information in the best possible way within their individual responsibility centers.

• How can/should responsibility center managers department decision making performance be properly evaluated. Also, as it relates to this topic, discuss the impact that company bonuses can/should have on responsibility center managers decision process.

1. If top management determines that the company will not provide a defined practice if the cost of providing the defined practice outweighs the perceived benefits and strategic risk, how can/should the Accounting Department make this determination and how will this impact the holding of a Responsibility Center accountable. and defend the how/why behind your conclusions (why you believe your thought process to be sound, logical, and of benefit to the company).

Answer rating: 100% (QA)

required solution is given below Ans Responsibility centres are the parts of a company in which managers have some degree of power and responsibility for ensuring efficiency in performance ensuring ri... View the full answer