9 Which of the following best describes a segment of abusiness responsible for both revenues and costs?Select one:Оa. An investment centre.Оb. A residual income centrec. A cost centre.d. A profit centre.

Detailed explanation: 1. Cost CentreA cost centre is a part of an organization that does not…

Answered: Which of the following best describes a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 10MC: Which of the following is not a type of responsibility center? A. concentrated cost center B....

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Which of the following is not a type of responsibility center? A. concentrated cost center B. investment center C. profit center D. cost center
A responsibility center structure that considers investments made by the operating segments by using a common cost of capital percentage is called_______. A. return on investment B. residual income C. a profit center D. a discretionary cost center
Marketing costs and Maintenance costs are the examples of Select one: a. Revenue center O b. Cost center c. Investment center O d. Discretionary cost center
.Which of the following is the format of the income statement that is MOST useful in decision-making? Select one: A.Contribution margin format B.Absorption costing format C.Single-step format D.Multiple-step format
Which of the following is the format of the income statement that is MOST useful in decision-making? Select one: A. Multiple-step format B. Absorption costing format C. Single-step format D. Contribution margin format
What is the typical focus of responsibility reports for cost centers, revenue centers, and profit centers?
A responsibility center structure that considers investments made by the operating segments by using a common cost of capital percentage is called ________. A) residual income B) a profit center C) a discretionary cost center D) return on investment
In which of the following responsibility centers does the manager have responsibility for and authority over the unit's costs, but not its revenues or investment decisions? Group of answer choices a- Cost Center b- Profit Center c- Investment Center d- Liability Center
A responsibility center in which the department manager has responsibility for and authority over costs and revenues is called a(n) _____ center. a.investment b.cost c.profit d.volume
The ability to assign a cost directly to a cost object by means of a causal relationship is a. allocation b. traceability c. separability d. value chain process
(Management Accounting) When assigning indirect costs to a cost object, an ideal cost-allocation base measures ________. A) the proportion of indirect costs to direct costs B) the extent a particular cost is caused by a cost object C) multiple cost drivers D) the proportion of direct costs to indirect costs
Ind

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Which of the following best describes a segment of a business responsible for both revenues and costs? Select one: О a. An investment centre. О b. A residual income centre c. A cost centre. d. A profit centre.