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....
-
Flight Corporation has the following target and costs associated with its capital structure. Based on these parameters what is Flight Corporations weighted average cost of capital? Target common...
-
What Can We All Do to Support Change? (pp. 246249)
-
A recent annual report for FedEx included the following note: Property and Equipment Expenditures for major additions, improvements, flight equipment modifications, and certain equipment overhaul...
-
Soft Glow, Inc. manufactures light bulbs. Its purchasing policy requires that the purchasing agents place each quarter s purchasing requirements out for bid. This is because the Purchasing Department...
-
Market research has revealed the following information about the market for chocolate bars: The demand schedule can be represented by the equation QD = 1,600 300P, where QD is the quantity demanded...
-
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?
-
Fixed manufacturing costs are $ 44 per unit, and variable manufacturing costs are $ 100 per unit. Production was 67,200 units, while sales were 50,400 units. Determine (a) Whether variable costing...
-
A company which manufactures microwaves advertises that 90% of their microwaves are flawless, requiring no adjustments. Their quality control department tests this percentage on a regular basis. On...
-
A new retail store is being planned for a site that contains 40 ft of soft clay (c 0.075 ft2/day, y = 100 pcf). The clay layer is overlain by 15 ft of sand (y = 112 pcf) and is underlain by dense...
-
Perez Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse. The company...
-
Find a recent (within the last 12 months) article or economic blog related to price fixing, provide an executive summary of the information. Include an APA reference and/or link. How does the fact...
-
A rectangular block of a material with a modulus of rigidity G=90 ksi is bonded to two rigid horizontal plates. The lower plate is fixed, while the upper plate is subjected to a horizontal force P....
-
Net income was \(\$ 240,000\) in \(19 \mathrm{X} 4, \$ 210,000\) in 19X5, and \(\$ 252,000\) in \(19 \mathrm{X} 6\). The change from \(19 \times 5\) to \(19 \mathrm{X} 6\) is a (an) (p. 788) a....
-
Describe a group you belong or have belonged discuss the stages of group development and suggest how to improve the group effectiveness by using the group development model.
-
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...
-
Cost of debt with fees . Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.9% with semiannual payments, and will use an investment...
-
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....
-
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
Study smarter with the SolutionInn App