Controllable Costs - Accounting

Controllable Costs - Accounting

Assessment

Interactive Video

Business

University

Hard

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The video tutorial explains three types of costs: controllable, non-controllable, and partially controllable. Controllable costs are those a manager can change based on decisions, like a family's dining out budget. Non-controllable costs, such as rent, are fixed and hard to alter. Partially controllable costs, like food and gas, can be adjusted but not eliminated. The tutorial uses family budgeting examples to illustrate these concepts.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a controllable cost in a family setting?

Eating out budget

Insurance

Rent

Mortgage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of non-controllable costs?

They require significant decisions to change.

They can be easily adjusted based on needs.

They have no impact on budgeting.

They are always beneficial to reduce.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a non-controllable cost?

Rent

Dining out

Groceries

Gasoline

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of cost allows for some adjustment but cannot be completely eliminated?

Non-controllable costs

Fixed costs

Controllable costs

Partially controllable costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a partially controllable cost?

Rent

Mortgage

Eating out

Gasoline