Asked by
Paige De’Avion
on Nov 17, 2024
Verified
The primary accounting tool for controlling and reporting for cost centers is a budget performance report.
Budget Performance Report
A report that summarizes actual costs, standard costs, and the differences for the units produced.
Cost Centers
Parts of an organization to which costs can be allocated, but which do not directly generate revenues.
- Recognize the role and impact of budgets and budget performance reports in managing responsibility centers.
Verified Answer
NS
Learning Objectives
- Recognize the role and impact of budgets and budget performance reports in managing responsibility centers.
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