Definition: The responsibility accounting performance report is a budget that compares actual and budgeted amounts of controllable costs for a department and its manager. The responsibility accounting performance report collects all of the responsibility accounting budgets made for each department and summaries them in one large report. Basically, the RAPR is a summary report of all the responsibility accounting budgets made for individual managers. Executive and upper level management use the RAPR to track the efficiency and profitability by department and manager. The RAPR is also used to help explain
changes in cost structure and profitability from the budgeted expectations earlier in the year. For instance, if the manufacturing department just invested in new robotic assembly line equipment, the RAPR should show a decrease in the variable costs per product produced. Likewise, over labor hours and labor costs should be lower for this
department as well. The budgeted reports would show a low expected level of these variable costs. Upper management could then check the variances between the actual and budgeted costs. Basically, the entire responsibility accounting performance report is designed to hold department managers accountable for the costs that they can control and are responsible for. If upper level
management sees a manager’s efficiency and profitability decrease compared with the budgeted numbers, management can talk with the department manager and try to correct the unfavorable variances.
 In responsibility accounting, unit managers are evaluated on:costs they havecontrol overThe accounting department of a manufacturing company is a(n):cost centerA department that is evaluated on their success in generating income is a(n): Get answer to your question and much more A department that incurs costs, generates revenues, and is responsible for Get answer to your question and much more A cost that a manager has the power to determine or at least significantlyaffect is called a(n)controllablecostIn responsibility accounting, unit managers are evaluated only on things thatthey cancontrolResponsibility accounting provides relevant information to the manager whodoes all of the following except:pays for the costA department that incurs costs without generating revenues is considered Get answer to your question and much more Upper-level management uses responsibility accounting ______ to evaluatethe effectiveness of lower-level managers in controlling costs and expensesand keeping within budgeted amounts.performance reportsA _____ center manager is evaluated on their success in generating income. Get answer to your question and much more Challenges that involve allocating expenses include:The manager of a certain division at Alpha Manufacturing is evaluated on Get answer to your question and much more how efficiently the division uses equipment, buildings, and other assets to Get answer to your question and much more The best data to use to measure a department manager's performance isDetermine if the following costs would be considered direct or indirect for a Get answer to your question and much more division which manufactures bicycles. Get answer to your question and much more A Responsibilityaccounting system provides information that managementcan use to evaluate a department's manager.A responsibility accounting performance report contains which of thefollowing items? (Check all that apply.) Get answer to your question and much more What is a responsibility accounting performance report?What Does Responsibility Accounting Performance Report Mean? Basically, the RAPR is a summary report of all the responsibility accounting budgets made for individual managers. Executive and upper level management use the RAPR to track the efficiency and profitability by department and manager.
What are the elements of a responsibility accounting system?The components of responsibility accounting include inputs and outputs, identification of responsibility center, target, and actual information, responsibility between organization structure and responsibility center, etc.
What is the main concept of responsibility accounting?• Responsibility Accounting is a system of control where responsibility is assigned for. the control of costs. The persons are made responsible for the control of costs. • Proper authority is given to the persons so that they are able to keep up their. performance.
What are the objectives of responsibility accounting and explain each?The objective of responsibility accounting is to accumulate costs and revenue for each responsibility centre so that deviations from budgeted performance can be attributed to the individual manager in charge of that centre.
|
A responsibility accounting performance report contains which of the following items
zusammenhängende Posts
Urheberrechte © © 2024 de.ketajaman Inc.
