Question 10

Match the items below by entering the appropriate number in the space provided.

The review of budget reports by top management directed entirely or primarily to differences between actual results and planned objectives.	- -123456789101112
A part of management accounting that involves accumulating and reporting revenues and costs on the basis of the individual manager who has the authority to make the day-to-day decisions about the items.	- -123456789101112
The preparation of reports for each level of responsibility shown in the company's organization chart.	- -123456789101112
A projection of budget data at one level of activity.	- -123456789101112
Costs that a manager has the authority to incur within a given period of time.	- -123456789101112
The use of budgets to control operations.	- -123456789101112
A projection of budget data for various levels of activity.	- -123456789101112
A responsibility center that incurs costs, generates revenues, and has control over the investment funds available for use.	- -123456789101112
Costs that relate specifically to a responsibility center and are incurred for the sole benefit of the center.	- -123456789101112
A responsibility center that incurs costs and also generates revenues.	- -123456789101112
Costs which are incurred for the benefit of more than one profit center.	- -123456789101112
A measure of the profitability of an investment center computed by dividing controllable margin (in dollars) by average operating assets.	- -123456789101112

1.	Budgetary control
2.	Static budget
3.	Flexible budget
4.	Responsibility accounting
5.	Controllable costs
6.	Management by exception
7.	Responsibility reporting system
8.	Return on Investment
9.	Profit center
10.	Investment center
11.	Indirect fixed costs
12.	Direct fixed costs