Create an account
cost or expense readily traced to a department because they are incurred for that department's sole benefit
cost or expense that is incurred for the joint benefit of more than one department and cannot be readily traced to only one department
a department that incurs costs and generates revenues, also known as a selling department
a cost that is controllable by a manager by which they have the power to determine or at least significantly affect the amount incurred
an attempt to better allocate costs to the proper users of overhead by focusing on activities
a temporary account accumulating the costs a company incurs to support an identified set of activities
Departmental Contribution to Overhead
a report used to evaluate department performance by reporting the amount of sales less direct expenses
a report that accumulates and reports costs and expenses that a manager is responsible for and their budgeted amounts
Responsibility Accounting System
a system that uses the concept of controllable costs to assign managers the responsibility for costs and expenses under their control
Responsibility Accounting Report
a report that specifies the expected and actual costs under the control of a manager
Total Sales of Each Department
what is the most useful allocation basis for departmental costs of an advertising campaign for a storewide sale
Activity Cost Based Allocation System
traces costs of products on the basis of activities performed on them
Responsibility Accounting Performance Reports
these become less detailed at higher levels of management
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