In each blank next to the following terms, place the identifying letter of its best description -23
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In each blank next to the following terms, place the identifying letter of its best description
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-23 1. 2. 3. Cost center Investment center Departmental accounting system Operating department 4. 451 5. Profit center 6. system 7. Responsibility accounting Service department A. Incurs costs without directly yielding revenues. B. Provides information used to evaluate the performance of a department. C. Holds manager responsible for revenues, costs, and investments. D. Engages directly in manufacturing or in making sales directly to customers. E. Does not directly manufacture products but contributes to profitability of the entire company. F. Incurs costs and also generates revenues. G. Provides information used to evaluate the performance of a department manager.
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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