In what situations is a cost center most appropriate? A profit center? A revenue center?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Cost centers are used when the firm wishes to focus the managers attention exclusively on costs This ...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Management Leadership questions
-
In what situations is a protest letter necessary?
-
In what situations is the target audience and the target market the same? In what situations is the size of the target audience larger or smaller than the target market?
-
In what situations is top-down planning likely to be superior to bottom-up emergent strategy development?
-
Consider the following population regression model: y = Bo + Bx + Bx2 + 3x3 + u Suppose you want to test whether 0.532 = 83. The hypotheses are: Ho : 0.582 = 33 H : 0.532 #33 The correct expression...
-
Female houseflies attract males by sending a chemical signal known as a pheromone. The substance emitted by the female housefly that attracts the male has been identified as cis-9-tricosene, C23H46....
-
Ramirez Company sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $4,850,000. Determine (A) The break-even point in sales units (B) The sales units required for...
-
Economic order quantity; tabular computation Edgar Chemical, Inc., requires 20,000 gals. of material annually, where the cost of placing an order is $20 and the annual carrying cost per unit is $5....
-
On January 1, 2015, the JKG Foundation received a $10 million bequest consisting of a commercial warehouse building and $5 million of cash. The foundation immediately invested the $5 million cash in...
-
\f
-
"Hero" firm just paid $1 dividend. Analysts are predicting that the firm will pay $1 in a year, $2 in two years and $3 in three years from today. After that, the growth rate will be 6% a year...
-
Can strategic performance measurement be used for service firms and not-for-profit organizations? How?
-
How do centralized and decentralized firms differ? What are the advantages of each?
-
A desk organizer sells for $35, which includes a markup rate of 60% based on the selling price, a. Find the markup based on b. Find the cost, selling price.
-
How is this done in excel and also on a financial calculator? Suppose you had a stock with the following annual returns: 25%, -10%, 15%, 5%, -8%. What is the arithmetic mean return for this stock?...
-
You've noticed that analysts at your company use a Market Equity Risk Premium of 5.5% when valuing firms for investment. You believe that 4.72% is more appropriate.Explain the impact of using 5.5%...
-
Suppose a trader quotes the following for the British pound, $1.75-1.77/. a) What is the direct bid-ask rate for a British investor? b)If a British investor were to buy 10,000,000 of U.S. dollars,...
-
85 men and 65 women are enrolled in calculus. There are 20 business majors, 30 biology majors, 50 computer science majors, and 50 mathematics majors. No person has a double major. If a single...
-
1.5 Identify the Lewis acid sites on this molecule with a 8+. Circle the Lewis basic sites (or draw the lone pairs at the Lewis basic sites) OH OH
-
In 1987 Douglas Deville was convicted in a state court for felonious possession of cocaine. He received probation for that offense. Three years later, Deville was found guilty of another drug-related...
-
Saccharin is an artificial sweetener that is used in diet beverages. In order for it to be metabolized by the body, it must pass into cells. Below are shown the two forms of saccharin. Saccharin has...
-
Atticus Ltd, a Singapore company, whose functional currency is the Singapore dollar, purchased 100,000 shares of Scotts Corporation (a foreign company listed in country X whose currency is the LC) at...
-
An economist has predicted that during the next 6 years, prices in the United States will increase 55%. He expects a further increase of 25% in the subsequent 4 years, so that prices at the end of 10...
-
Sally Johnson loaned a friend $10,000 at 15% interest, compounded annually. She is to repay the loan .in five equal end-of-year payments. Sally estimates the inflation rate during this period is 12%....
-
Dale saw that the campus bookstore is having a special on pads of computation paper normally priced at $3 a pad, now on sale for $2.50 a pad. This sale is unusual and Dale assumes the paper will not...
-
Question 2 ( 2 5 marks ) Susie Interior Design Limited ( " Susie " ) provides interior design, project management and maintenance services for small flats in Hong Kong. The company had just promoted...
-
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split - off point total $ 3 0 5 , 0 0 0 per quarter. For financlal...
-
Spielberg Company s general ledger shows a cash account balance of $ 2 3 , 2 2 0 on July 3 1 , 2 0 2 4 . Cash sales of $ 1 , 8 8 5 for the last three days of the month have not yet been deposited....
Study smarter with the SolutionInn App