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Controllable Cost
A cost over which a manager has control.
Actual Cost
The actual expense incurred to acquire an asset or service, including all costs necessary to bring the asset into use or to complete the service.
Responsibility Accounting
A system of accounting that segments financial information by areas of responsibility within an organization, aiding in budgeting and performance evaluation.
Responsibility Reports
Reports designed to evaluate the financial performance of different segments of an organization, focusing on areas under a manager's control.
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