In responsibility accounting, a center's performance is measured by those costs which are controllable. Controllable costs are best described as including: (CMA adapted)
A. only discretionary costs.
B. direct materials and direct labor only.
C. those costs about which the manager is knowledgeable and informed.
D. only those costs that the manager can influence in the current period.
Answer: D
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The effective interest method amortizes premium or discount in a manner that produces a(n) ______________rate of interest from period to period
Fill in the blank(s) with correct word
Which of the following is the equation for cost of goods sold?
A. Beginning inventory + Purchases + Ending inventory B. Ending inventory + Purchases ? Beginning inventory C. Beginning inventory + Purchases ? Ending inventory D. Net purchases ? Ending inventory
The Dennis Company reported net income of $67,000 on sales of $470,000. The company has average total assets of $755,000 and average total liabilities of $270,000. What is the company's return on equity ratio?
A. 8.9% B. 14.3% C. 24.81% D. 13.8%
A service strategy that allows customers many different options for ordering and fulfillment of purchases is known as:
A. Customer success. B. Omni-channel. C. Flexible purchasing. D. Customer convenience.