When used for performance evaluation, periodic internal reports based on a responsibility accounting system should not
a. be related to the organization chart.
b. include allocated fixed overhead.
c. include variances between actual and budgeted controllable costs.
d. distinguish between controllable and noncontrollable costs.
B
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Natalie makes a toast at her sister’s wedding. What type of presentation is this?
a. informal b. informative c. persuasive d. epideictic
When an IC hires and trains local, host-country people, the IC often
A. encourages their transfer, causing brain drain. B. overtrains them to IC culture-based standards. C. pays them too much and creates inflation. D. may lose them to local firms or other ICs once they are trained.
JCS Incorporated experienced the following transactions during its first year of business. The company purchased $16,000 of merchandise from Kent Company. The company paid $2,000 for selling and administrative expenses and purchased land for $5,000. All of the merchandise purchased was sold for $30,000 cash. What is the company's gross margin?
A. $7,000 B. $23,000 C. $14,000 D. $30,000
Which of the following is primarily a supply chain management decision?
A) from whom to purchase materials B) how many of each item should be produced C) the mix of labor skill and automation D) the location of the plant