Explain the meaning of responsibility accounting.-新东方在线职业题库

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Explain the meaning of responsibility accounting.

Chapter21Performancemeasurement

In responsibility accounting, a specific manager is given the responsibility for a particular aspect of the budget, and within the budgetary control system, he or she is often made accountable for actual performance. Managers are therefore made accountable for their area of responsibility.

Responsibility accounting is based on the application of the controllability principle: a manager should be made responsible and accountable only for the costs and revenues that he or she is in a position to control.

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What does an adverse variable overhead efficiency variance indicate and what might be the cause?

Explain briefly the possible causes of

(i) A favourable material usage variance

(ii) A favourable labour rate variance

(iii) An adverse sales volume contribution variance.

What is the relationship between the labour efficiency variance and the variable overhead efficiency variance? Why might the monetary value be different?

Explain the meaning and relevance of interdependence of variances when reporting to managers.

A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.

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