Performance Reports Should Include

question 84

Multiple Choice

Performance reports should include

• A)all costs and revenues for a specific responsibility center.
• B)all costs,revenues,and resources for a specific responsibility center.
• C)noncontrollable costs for a specific responsibility center.
• D)controllable costs,revenues,and resources for a specific responsibility center.

Distinguish between financial accounting and managerial accounting.

Identify the components of managerial accounting reports and their characteristics.

Recognize and categorize the manufacturing costs including direct materials, direct labor, and factory overhead.

Comprehend the primary goal of managerial accounting and its audience.

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Definitions:

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