A budget performance report is being prepared and will be sent to the appropriate segment manager.Which term best describes the type of costs and income that should be included in this report?

Question

Quizplus · Accepted Answer

The type of costs and income that should be included in a budget performance report are controllable costs and income. These are the costs and income that the segment manager has direct control over, and can take action to improve or manage effectively. Examples of controllable costs include salaries, materials, and marketing expenses, while controllable income could include sales revenue or fee income. Administrative costs, fixed costs, and unfavourable costs may also be included in the report, but they are not the primary focus.

A Budget Performance Report Is Being Prepared and Will Be