Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 6 - Master Budget and Responsibility Accounting - Assignment Material - Questions - Page 230: 6-4

Answer

I agree. Budgeted performance sets specific targets in line with the organization's goals. Past performance may not be a relevant benchmark if circumstances change. Managers should be evaluated against their ability to meet these forward-looking goals.

Work Step by Step

I agree. Budgeted performance sets specific targets in line with the organization's goals. Past performance may not be a relevant benchmark if circumstances change. Managers should be evaluated against their ability to meet these forward-looking goals.
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