Question: In a responsibility accounting system: All managers at a given level have equal authority and responsibility. Controllable costs are assigned to managers who are responsible

In a responsibility accounting system: All managers at a given level

In a responsibility accounting system: All managers at a given level have equal authority and responsibility. Controllable costs are assigned to managers who are responsible for them. Organized and clear lines of authority and responsibility are only incidental. Each accounting report contains all items allocated to a responsibility center. Control over costs belongs only to the top level of management

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