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Controllable costs, as used in a responsibility accounting system, consist of
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| Page | 12/38 | | Date | 17.12.2020 | | Size | 118.12 Kb. | | #55418 |
| ASSIGNMENT #6 EDITEDControllable costs, as used in a responsibility accounting system, consist of:
a. only fixed costs.
b. only direct materials and direct labor.
c. those costs that a manager can influence in the time period under review.
d. those costs that are influenced by parties external to the organization.
e. those costs about which a manager has some knowledge.
Question text
In an internal transfer, the selling division records the event by crediting
a. CGS and finished goods.
b. accounts receivable and CGS.
c. finished goods and accounts receivable.
d. finished goods and intracompany sales.
Question text
With two autonomous division managers, the price of goods transferred between the divisions needs to be approved by
a. both divisional managers.
b. corporate management.
c. corporate management and the manager of the buying division.
d. both divisional managers and corporate management.
Question text
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