Responsibility reports should be simple,show variances between the budgeted and actual amounts of controllable revenue and expense items,and be timely.

Question

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Responsibility reports should be simple and highlight variances between budgeted and actual amounts of controllable items in a timely manner. This helps managers identify areas that need attention and take corrective actions in a timely manner.

Responsibility Reports Should Be Simple,show Variances Between the Budgeted and Actual