A Report That Accumulates the Actual Costs That a Manager

question 150

Multiple Choice

A report that accumulates the actual costs that a manager is responsible for and their budgeted amounts is a:

• A) Segmental accounting report.
• B) Managerial cost report.
• C) Controllable expense report.
• D) Departmental accounting report.
• E) Responsibility accounting performance report.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.

Net Cash Flow

The difference between a company's cash inflows and outflows over a specific period, indicating its ability to generate cash.

Differential Revenue

The amount of increase or decrease in revenue expected from a particular course of action as compared with an alternative.

Differential Cost

The amount of increase or decrease in cost expected from a particular course of action compared with an alternative.