General Account Thevariance."department may be responsible to incur a "sales volumeA) MarketingB) ProductionC) PurchasingD) Personnel

Detailed explanation:The marketing department is primarily responsible for incurring a sales volume…

Answered: The variance." department may be…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 7MC: Management accounting: emphasizes special-purpose information relates to the company as a whole is...

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Similar questions

Management accounting: emphasizes special-purpose information relates to the company as a whole is limited to strictly cost figures is controlled by GAAP
Which of the following is not a type of Management Report in QBO? Select one: a. Company Overview b. Expenses Performance c. Sales Performance d. Financial Review
Which of the following is not a management accounting report? A.Income statement B.Sales forecast C.Cost report D.Budget
A responsibility center in which the department manager has responsibility for and authority over costs and revenues is called a(n) _____ center. a.investment b.cost c.profit d.volume
Managers in which of the following responsibility centers are held responsible forprofits? (You may select more than one answer.)a. Revenue centersb. Cost centersc. Profit centersd. Investment centers
Define Sales revenue.
A responsibility accounting system utilizes and assigns costs on the basis of their a. controllability b. variability c. timing of recognition d. traceability
In a profit center, the manager has responsibility and authority for making decisions that affect a.assets b.investments c.long-term liabilities d.revenues
Which function is not contained in the management accounting department? a. Cost accountingb. Financial accountingc. Budgetingd. system studye, answer not given
Which of the following is not a characteristic of useful managerial accounting reports? a.GAAP—adhering b.accurate c.prepared as needed d.historical and estimated data
Which of the following is not a management report?A.Sales by product actual versus budget B. Department spending actual versus budget C. Income statement D. Accounts receivable aging
In a responsibility accounting system, should the recording of revenue and costs begin at the largest areas of responsibil-ity or the smallest? Explain.

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The variance." department may be responsible to incur a "sales volume A) Marketing B) Production C) Purchasing D) Personnel