Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Elmhurst Corporation is considering changes to its responsibility accounting system. Which of the following statements​ is/are correct for a responsibility accounting​ system? I. In a cost​ center, managers are responsible for controlling costs but not revenue. II. The idea behind responsibility accounting is that a manager should be held responsible for those items that the manager can control to a significant extent. III. To be​ effective, a good responsibility accounting system must help managers to plan and to control. IV. Costs that are allocated to a responsibility center are normally controllable by the responsibility center manager.

Sagot :

ayfat23

Answer:

I. In a cost center, managers are responsible for controlling costs but not revenue.

ii. The idea behind responsibility accounting is that a manager should be held responsible for those items that the manager can control to a significant extent.

iii. To be effective, a good responsibility accounting system must help managers to plan and to control

Explanation:

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.