An effective cost control system should include:
a. An established plan of objectives and goals to be achieved.
b. Regular reports showing the difference between goals and actual performance.
c. Specific assignment of duties and responsibilities.
d. All of these are correct.
d
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The cost of new equipment is called a revenue expenditure because it will help generate revenues in the future
Indicate whether the statement is true or false
Managing the organization project portfolio includes the following key responsibilities EXCEPT
A. Balance profit of projects. B. Ensure availability of resources. C. Confirm linkage to strategy. D. Prioritize projects. E. Balance risk of projects.
Which item below is not associated with goal planning?
A) Constructing a budget B) Adjusting for inflation C) Making goals concrete D) Determining a savings schedule
Cost pools should be charged to responsibility centers by using:
A. budgeted amounts of allocation bases because the cost allocation to one responsibility center should not influence the allocations to others. B. budgeted amounts of allocation bases because the cost allocation to one responsibility center should influence the allocations to others. C. actual amounts of allocation bases because the cost allocation to one responsibility center should influence the allocations to others. D. actual amounts of allocation bases because the cost allocation to one responsibility center should not influence the allocations to others. E. some other approach.