Match each of the following type of responsibility centers with what all they are accountable for. Cost Center Profit Center Investment Center Revenue Center Match each of the following type of responsibility centers with what all they are accountable for. Cost Center Cost Revenue and Cost Profit Center Revenue, Cost, and Investment Revenue Center Cost Revenue Center Revenue

Q: he management wants to know about the cost behaviour and how to classify the cost according to its…

A: Cost behaviour refers to an aspect which helps in indicating the change incurred in costs when there…

Q: what accounting method will be used to evaluate each of the responsibility centers?

A: Responsibility accounting: Responsibility accounting refers to the various tool used by managerial…

Q: Which objective of cost accounting classifies and analyzes cost date for measuring efficiency? a.…

A: Answer: Concept: Cost accounting is defined as the accounting system which helps to analyze the cost…

Q: Classify the performance measures below into the most likely balanced scorecard perspective…

A: Balanced scorecard: Balanced scorecard can be defined as a scorecard used to measure business…

Q: Managers in which of the following responsibility centers are held responsible forprofits? (You may…

A: C. Profit centers is the answer

Q: a. Business decisions rely on certain characteristics which are based on intelligent and…

A: Hi student, you have asked multiple non-related questions in one go which is not appropriate. So,…

Q: How management accounting and cost accounting can be an efficient in monetary and non-monetary…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: A profit center manager often also supervises revenue and cost center managers. True or False True…

A: Solution 1: True, A profit center manager often also supervise revenue and cost center manager…

Q: From the choices presented in parentheses, choose the appropriate term for completing each of the…

A: Period Cost: These are the costs other than the product costs. These costs are not incurred in…

Q: Distinguish between a cost center, a profit center, and an investment center

A: Definition: Responsibility center: A department or unit of a corporation where the management…

Q: Responsibility centers typically involve cost, profit, and investment centers. What is the basic…

A: A responsibility center is a functional entity within a company with its own aims and objectives,…

Q: Write cost pool, cost driver, activity cost, budgeting.   What are the assumption of CVP analysis?…

A: Answer:  Write cost pool, cost driver, activity cost, budgeting.   Cost Pool is the sum total of…

Q: In each blank next to the following terms, place the identifying letter of its best description. 1.…

A: 1. Cost center--A. Incurs costs without directly yielding revenues.2. Profit center-- F.Incurs costs…

Q: Costing systems and investment centres are two types of business segments that are entirely…

A: The excess of revenues over expenses is defined as the net profits of the organization. he cost of…

Q: List any four functions of management. Explain what type of cost management information is…

A:

Q: Explain how to get positive behavioral effects from a responsibility-accounting system.

A:

Q: 7. Responsibility Accounting: a. What is a cost center? Give an example of a cost center b. What is…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: responsibility centers have accountability for revenues

A: First option is wrong because although investment center has accountability for revenues, cost…

Q: Which of the following statements best describes a profit center?a. The responsibility for combining…

A: The profit center affects the major profit decisions of the authority that includes the choosing…

Q: Define and give examples of the following terms: cost center, revenue center, profit center, and…

A: Responsibility center: It refers to that unit of the organization for which a separate executive is…

Q: Instructions:  Designate the best answer for each of the following questions. 1.Which of the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Differentiate between a profit center and an investment center.

A: Responsibility center: A responsibility center is a department or unit of a corporation in which…

Q: Name a firm or organization you know of that you are reasonably sure uses cost management andexplain…

A: Cost Management: Cost management involves the development and use of cost management information…

Q: indirect material, mixed cost , budgeting, margin of safet

A: The below mentioned are the definitions of indirect material Mixed cost Budgeting Margin of safety

Q: How cost accounting is useful for external user as Government ,and customer etc,support your answer…

A: Cost accounting gives complete details of the cost incurred in the manufacturing of the product and…

Q: Google aims to give its managers timely cost reports. In responsibility accounting, who receives…

A: Every person is responsible to control the cost of this department, is responsible for reporting to…

Q: The primary difference between profit centers and cost centers is that Multiple Cholce Profit…

A: Profit center  is an organization  department  which aims at profit ascertinment and it increases…

Q: A department that incurs costs but does not generate revenue is calleda(n) (a) profit center.(b)…

A: The cost center represents the unit of the business that does not generate revenue but incurs cost…

Q: Responsibility Centers include the following except: A) Profit B) Revenue C) Process D) Cost

A: These are the type of responsibility center i.e. expense center, profit center, investment and…

Q: Classify the performance measures below into the most likely balanced scorecard perspective towhich…

A: Balance Scorecard is used in strategic management to measure the performance by ascertaining…

Q: Responsibility centers. Elmhurst Corporation is considering changes to its responsibility accounting…

A: Responsibility Center: The responsibility center is the specific centre in which each work is…

Q: Using performance reports to evaluate cost, revenue, and profit centers Management by exception is a…

A:

Q: Which responsibility center's manager would be most concerned about the segment's return on…

A: the responsible center is the organizational unit that is being headed by the manager. generally, a…

Q: Differentiate between centralized and decentralized operations.   Also, differentiate between a…

A: Departmentalization: Departmentalization is a cycle wherein occupations or groups are joined…

Q: A responsibility center in which the department manager has responsibility for and authority over…

A: Costs might be traced to manufacturing and to specific locations within a business entity and…

Q: Management accounting focus on the benefits of users. Select one: O True O False

A: Managerial accounting seems to be the act of “identifying, assessment, research, and presentation of…

Q: Which of the following entities can use cost-volume-profit (CVP) analysis?   Multiple Choice…

A: CVP analysis is considered as a decision-making tool that helps management to make strategies and…