Costing

219. Which of the following are the benefits of responsibility accounting? I. It facilitates the centralization of decision-making. II. It provides a system of closer control. III. It measures the performance of individuals in an objective manner. IV. It develops a sense of cost-consciousness among managers and their subordinates.

I, II and III
II, III and IV
I, II and IV
I, III and IV

Detailed SolutionWhich of the following are the benefits of responsibility accounting? I. It facilitates the centralization of decision-making. II. It provides a system of closer control. III. It measures the performance of individuals in an objective manner. IV. It develops a sense of cost-consciousness among managers and their subordinates.

220. Which of the following are the methods of determining cost behaviour? I. High and low point method II. Least square regression method III. Accounting or analytical approach IV. Non-parametric method Choose the correct answer from the options given below

I, II and IV
I, III, and IV
II, III and IV
I, II and III

Detailed SolutionWhich of the following are the methods of determining cost behaviour? I. High and low point method II. Least square regression method III. Accounting or analytical approach IV. Non-parametric method Choose the correct answer from the options given below

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