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Traceable costs definition - AccountingTools
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Responsibility Accounting - Meaning, Types and Examples
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Solved A primary consideration in assigning a cost to a
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See the answer. See the answer See the answer done loading. A primary consideration in assigning a cost to a responsibility center is ________. where in the organizational structure the cost was incurred. whether the cost is fixed or variable. whether the cost is direct or indirect.
A primary consideration in assigning a cost to a …
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14) A primary consideration in assigning a cost to a responsibility center is ________. A) whether the cost is fixed or variable B) whether the cost is direct or indirect C) who can best control the change in that cost D) where in the organizational structure the cost was incurred Answer: C Diff: 3. C ) who can best control the change in that cost.
Traceable costs definition - AccountingTools
https://www.accountingtools.com/articles/what-is-a-traceable-cost.html
A traceable cost is a cost for which there is a direct, cause-and-effect relationship with a process, product, customer, geographical area, or other cost object. If the cost object goes away, then the traceable cost associated with it should also disappear. A traceable cost is important, because it is an expense that you can reliably assign to a cost object when …
A primary consideration in assigning a cost to a …
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6 . Frederick , inc. , is considering replacing a machine .The following data are available : Old Machine Replacement Machine Original cost when purchased $ 45,000 $ 35,000 Useful life in years 10 5 Current age in years 5 0 Book value $ 25,000 Disposal value now $ 8,000 Disposal value in 5 years 0 0 Annual cash operating costs $ 7,000 $ 4,000 The difference …
10: Responsibility Accounting – Open Cost Accounting
https://www.opencostaccounting.org/toc/chapter10/
10.1.2 Responsibility Centers. Responsibility accounting focuses on decision rights delegated to middle-level managers. These aren’t the only decision rights delegated within large firms, but they are often the focus of responsibility accounting tools, …
Cost Final Flashcards | Quizlet
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A primary consideration in assigning a cost to a responsibility center is _____. ... A company using responsibility accounting system decides to exclude all uncontrollable costs from a manager's performance report. Jenson is the machine supervisor. ... It is the most efficient method to budget direct costs and trace them to individual cost ...
Cost Accounting Chapter 6 Flashcards - Quizlet
https://quizlet.com/282396338/cost-accounting-chapter-6-flash-cards/
5.A primary consideration in assigning a cost to a responsibility center is _____. A) whether the cost is fixed or variable B) whether the cost is direct or indirect C) who can best control the change in that cost D) where in the organizational structure the cost was incurred
[MAS] Re SA 41 - First Pre-Bo a rd Ex a ms (Questions, Answers ...
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A primary consideration in tracing a cost in responsibility accounting is C a. Whether it is fixed or variable b. Whether it is product or administrative c. Who or what caused the cost to be incurred d. Where in the organizational structure the cost occurred. …
Responsibility accounting — AccountingTools
https://www.accountingtools.com/articles/what-is-responsibility-accounting.html
Responsibility accounting involves the separate reporting of revenues and expenses for each responsibility center in a business. Doing so improves the management of operations. For example, the cost of rent can be assigned to the person who negotiates and signs the lease, while the cost of an employee’s salary is the responsibility of that person’s direct …
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