A responsibility accounting performance report contains which of the following items? (Check all that apply.)

a. Budged amounts

b. A list of all controllable costs

c. The difference between actual and budgeted amounts

d. Actual amounts

(A) Budged amounts

(B) A list of all controllable costs

(C) The difference between actual and budgeted amounts

(D) Actual amounts

Explanation:

Responsibility accounting is a system that gathers or receives, summarizes, and reports accounting data pertaining to the responsibilities of individual managers. This system makes available every information needed for the evaluation of each manager on the revenue over which he presides.

A responsibility accounting report contains those revenues presided over by the responsible manager. It also contains all of the responsibility accounting budgets made for each department and summaries them in one report. When both controllable and uncontrollable items are included in the report, accountants should clearly separate the categories.