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Responsibility Accounting Formulas

The document is a responsibility cost report for a company that shows budgeted and actual costs for controllable and uncontrollable costs. It also includes calculations for budget variance, return on investment, and definitions several transfer pricing methods.

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Kath Santos
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964 views2 pages

Responsibility Accounting Formulas

The document is a responsibility cost report for a company that shows budgeted and actual costs for controllable and uncontrollable costs. It also includes calculations for budget variance, return on investment, and definitions several transfer pricing methods.

Uploaded by

Kath Santos
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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RESPONSIBILITY ACCOUNTING AND TRANSFER PRICING ACTUAL COST BUDGETED COST BUDGET VARIANCE XX XX FAV(UNFAV)

RESPONSIBILITY COST REPORT NAME OF THE COMPANY NAME OF THE PROFIT CENTER RESPONSIBILITY ACCOUNTING REPORT FOR THE PERIOD ENDED____ BUDGET CONTROLLABLE COST SUPPLIES POSTAGE, TELEPHONE, TELEGRAPH TOTAL CONTROLLABLE COSTS UNCONTROLLABLE COSTS: SALARIES AND WAGES LIGHT AND WATER DEPRECIATION-TOOLS AND EQUIP TOTAL UNCONTROLLABLE COST TOTAL COST 10,000.00 5,000.00 15,000.00

ACTUAL 8,000.00 3,000.00 11,000.00

VARIANCE 2,000.00 2,000.00 4,000.00

20,000.00 3,000.00 8,000.00 31,000.00 46,000.00

25,000.00 3,000.00 11,000.00 39,000.00 50,000.00

(5,000.00) (3,000.00) (8,000.00) (4,000.00)

RETURN ON INVEST MENT= *RESIDUAL INCOME ACTUAL NET INCOME LESS TARGET NET INCOME RESIDUAL INCOME

NET INCOME OF THE INVESTMENT CENTER TOTAL ASSETS OF THE INVESTMENT CENTER

(18% OF 2500000)

480,000.00 450,000.00

TRANSFER PRICING *TRANSFER PRICING METHODS 1 MARKET PRICE 2 MODIFIED MARKET PRICE 3 TRANSFER PRICE BASED ON FULL COST 4 TRANSFER PRICE BASED ON VARIABLE COST 5 NEGOTIATED TRANFER PRICE 6 DUAL TRANSFER PRICING METHOD

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