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An investing firm consolidates the variable interest entity if it absorbs the majority of the entity's expected ____________________ if they occur,receives a majority of the entity's expected ______________________________ if they occur,or both.
Controllable Margin
The portion of profit or income that can be directly controlled or influenced by management decisions.
Controllable Costs
Controllable costs are expenses that can be regulated or influenced by decisions made by managers or individuals within a company, allowing for adjustments based on operational needs.
Responsibility Accounting
A system of accounting that segments performance by areas of responsibility within the organization, allowing for better monitoring and accountability.
Activity Index
A measure used to allocate overhead costs, based on activities that drive costs such as machine hours or labor hours.
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