The Most Useful Data for Evaluation of a Manager's Cost

question 144

Multiple Choice

The most useful data for evaluation of a manager's cost performance is based on:

• A) Controllable costs.
• B) Contribution percentages.
• C) Uncontrollable expenses.
• D) Direct costs.
• E) Departmental contributions to overhead.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed in order to be enforceable.

Writing

The act or process of creating text or symbols on a surface, typically used to communicate or record information.

Seal

A formal mode of expressing the intention to be bound by a written promise or agreement. This expression usually takes the form of signing or affixing a wax or gummed paper wafer beside the signature, or making an engraved impression on the document itself.

Privity of Estate

A legal concept that refers to the relationship between parties whose interests in a piece of property are intertwined.