Asked by
Jayla Cornel
on Nov 12, 2024Verified
The amount of detail presented in a budget performance report for a cost center depends on the level of management to which the report is directed.
Budget Performance Report
A report comparing actual results with budget figures.
Cost Center
A division or department within a business that does not directly contribute to profit but incurs costs, used for budgeting and controlling expenses.
Level of Management
Refers to the hierarchy within an organization's structure, typically including top-level, middle-level, and lower-level management.
- Grasp the value of in-depth versus summarized reporting in the context of managerial decisions.
Verified Answer
TC
Learning Objectives
- Grasp the value of in-depth versus summarized reporting in the context of managerial decisions.