Question: If a cost is considered controllable, it indicates that all aspects of the cost are under the control of the manager of the responsibility center

If a cost is considered controllable, it indicates that all aspects of the cost are under the control of the manager of the responsibility center to which that cost is assigned.

Group of answer choices

True

False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

MCQS (6 points) 1. Identify each responsibility center as a cost center, a revenue center, a profit center, or an investment center (a) Coca-Cola's investor relations website provides operating and...

Are the following questions True or False? 1. When administered wisely, budgets promote communication and coordination among the various subunits of the organization. 2. Variances between actual and...

9 10 11 12 13 14 15 16 2. TRUE and FALSE (2 points) a. If a cost is considered controllable, it indicates that all aspects of the cost are under the control of the manager of the responsibility...

A cost is considered controllable at a given level of managerial responsibility if O the manager has the power to manage the cost within a given time period. O it changes in magnitude in a flexible...

a. Responsibility accounting involves accumulating and reporting data on revenues and costs on the basis of the manager's action who has authority to make the day-to-day decisions about the items; b....

18.Management by exception Question 18 options: means that material differences will be investigated. causes managers to be buried under voluminous paperwork. means that only unfavorable differences...

Coronado Industries uses flexible budgets. At normal capacity of 9000 units, budgeted manufacturing overhead is: $27000 variable and $270000 fixed. If Stone had actual overhead costs of $300800 for...

week 7 p1 Current Attempt in Progress On the basis of the budget reports, management analyzes differences between actual and planned results. management may take corrective action. management may...

A company's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: A flexible budget...

A cost is considered controllable at a given level of managerial responsibility if the manager has the power to incur the cost within a given time period. the cost has not exceeded the budget amount...

According to Stefan's Law of Radiation (previously examined in Sec. 1.3, Problem 55 and Sec. 1.4, Problem 11) the rate of change of the radiation energy of a body at absolute temperature T is given...

1. You have a twin brother named Bill. You share the same birthday of January 1, 2000. When you turned 19, you decide to invest $4,000 and earn 7% compound interest. You try to convince your brother...

Working capital and current ratio calculations are made to analyze a company's liquidty.

Giles Company has two divisions for Standard and Custom Products. Gross margin computations for these two divisions for 2012 are as follows: Giles has determined that its total manufacturing overhead...

Amber Company produces electronic fish finders. It makes two different fish finders: the standard model, which is produced in bulk and sells for $200, and the deluxe model, which comes in various...

Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31. Additional information:Investments were sold at a loss (not...

Carole Dahl is chief financial officer of the Phoenix Division of Dahl Corporation, a multinational company with three operating divisions. As part of the budgeting process, Dahl's staff is...

The income statement of Minerals Plus, Inc., follows: Additional data follow: (a) Acquisition of plant assets is $118,000. Of this amount, $100,000 is paid in cash and $18,000 by signing a note...

Question 1 of 3 0/2 1E View Policies Show Attempt History Current Attempt in Progress An accountant has debited an asset account for $21500 and credited a revenue account for $32000. What can be done...

2. In this chapter, the reader should reflect on the following concepts: Linear relationships, circular relationships, patterns, critical variables and sociological laws.

2. As your starting point, take a situation at your workplace that often recurs, and answer the following questions: (a) Which elements are included? (b) How are the elements related to each other?...

A greater tendency to create winwin situations.