Chapter 24, Problem 24.4AP

(a)

To determine

Responsibility Report: The report which records the activity assigned to each department units is called as responsibility report. It includes budgeted, actual and difference values of costs, revenues and resources that are assigned and controlled by a responsibility manager.

To prepare: Responsibility report for the year.

(b)

To determine

To explain: Managers performance in controlling revenue and cost.

(c)

To determine

To explain: The costs that are excluded from the responsibility report.