Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers. Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department. Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments. Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions. Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions. To determine: The Costs to be included in the responsibility accounting report of the service department

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Answer 1

Question

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

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Answer 2

Question

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

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Answer 3

Question

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

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Answer 4

Question

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

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Answer 5

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

Answer 6

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

Answer 7

Chapter 24, Problem 4QS

To determine

Introduction:

Responsibility Accounting System: Responsibility Accounting System is an accounting system which reports responsibility for managers and helps in evaluation of the performance of managers.

Direct Expenses: Direct expenses are expenses which are directly traceable to the production units or department.

Indirect Expenses: Indirect expenses are expenses which are not directly traceable to the production units and these expenses are incurred for more than one unit or departments.

Controllable Costs: Controllable Costs are the costs which can be controlled by manager’s decisions.

Uncontrollable Costs: Uncontrollable Costs are the costs which cannot be controlled by manager’s decisions.

To determine: The Costs to be included in the responsibility accounting report of the service department

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 24 - Prob. 1DQ Ch. 24 - What is the difference between operating...Ch. 24 - What are controllable costs?Ch. 24 - _________costs are not within the manager’s...Ch. 24 - Prob. 5DQ Ch. 24 - Prob. 6DQ Ch. 24 - Prob. 7DQ Ch. 24 - What is the difference between direct and indirect...Ch. 24 - Prob. 9DQ Ch. 24 - Prob. 10DQ

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