The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).     UDH Center Cost or Profit Accounting   Bookstore   Cafeterias   Career services   Community workshops (providing continuing professional education necessary for state licensure)   Custodial services   Financial aid   Human resources   Information technology   Residence halls   Student parking lots (fee based)   University newspaper/radio station

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 1EB: Assume you have been hired by Cabelas Sporting Goods. As part of your new role in the accounting...
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The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).

 
 
UDH Center Cost or Profit
Accounting  
Bookstore  
Cafeterias  
Career services  
Community workshops (providing continuing professional education necessary for state licensure)  
Custodial services  
Financial aid  
Human resources  
Information technology  
Residence halls  
Student parking lots (fee based)  
University newspaper/radio station  
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