1. Cost center 2. Profit center 3. Responsibility accounting system 4. Service department D. Costs incurred for the joint benefit of more than one department. 5. Indirect expenses 6. Controllable costs A. Incurs costs without directly yielding revenues. B. Provides information used to evaluate the performance of a department. C. Does not directly manufacture products but contributes to profit- ability of the entire company. E. Costs that a manager has the ability to affect. F. Incurs costs and also generates revenues.

1. Cost center 2. Profit center 3. Responsibility accounting system 4. Service department D. Costs incurred for the joint benefit of more than one department. 5. Indirect expenses 6. Controllable costs A. Incurs costs without directly yielding revenues. B. Provides information used to evaluate the performance of a department. C. Does not directly manufacture products but contributes to profit- ability of the entire company. E. Costs that a manager has the ability to affect. F. Incurs costs and also generates revenues.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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