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.

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Answer 1

Question

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.

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Answer 2

Question

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.

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Answer 3

Question

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.

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Answer 4

Question

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.

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Answer 5

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.

Answer 6

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.

Answer 7

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.

Answer 8

(b)

To determine

To explain: Managers performance in controlling revenue and cost.

Answer 9

(b)

To determine

To explain: Managers performance in controlling revenue and cost.

Answer 10

(c)

To determine

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

Answer 11

(c)

To determine

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

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

Ch. 24 - Prob. 1Q Ch. 24 - Prob. 2Q Ch. 24 - Prob. 3Q Ch. 24 - 4. Ken Bay questions the usefulness of a master...Ch. 24 - Prob. 5Q Ch. 24 - Prob. 6Q Ch. 24 - Prob. 7Q Ch. 24 - Prob. 8Q Ch. 24 - Prob. 9Q Ch. 24 - Prob. 10Q

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To explain: Managers performance in controlling revenue and cost.

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

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Chapter 24 Solutions