A responsibility center in which a manager is responsible only for controlling costs is (mathrm{a}(mathrm{n})) a. cost

Question:

A responsibility center in which a manager is responsible only for controlling costs is $\mathrm{a}(\mathrm{n})$

a. cost center.

b. profit center.

c. revenue center.

d. investment center.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Cornerstones Of Managerial Accounting

ISBN: 9780333623183

1st Edition

Authors: Dan L. Heitger, Maryanne M. Mowen, Don R. Hansen

See More Books

Question Posted: Jun 04, 2024 02:14 AM

See More Questions

1. All of the following are ADVANTAGES of decentralization EXCEPT: A. Managers make better decisions when closer to the operation of the company. B. Each decentralized operation purchases their own...
Multiple-Choice Questions 1. The practice of delegating authority to division-level managers by top management is a. Centralization. b. Good business practice. c. Decentralization. d. Autonomy. e....
Multiple-Choice Questions 1. The practice of delegating authority to division-level managers by top management is a. Decentralization. b. Good business practice. c. Centralization. d. Autonomy. e....
37) Because of inability to pay its debts, the Lou Gi Manufacturing Company has been forced into bankruptcy as of April 1, 20x7. The balance sheet on the date shows: Assets Cash Accounts Receivable...
The American Bankruptcy Institute and the National Bankruptcy Research Center monitor the number of consumer bankruptcy filings each month. The table on the next page lists the number of bankruptcy...
Consider two cylinders that start down identical inclines from rest except that one is frictionless. Thus one cylinder rolls without slipping, while the other slides frictionlessly without rolling....
Again consider the die example of Problem 2.3. Show that the property holds for A being the event of throwing an even number. Problem 2.3. Consider rolling a fair die, with X() as the number of pips...
The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 16 people reveals the mean yearly consumption to be 60 gallons with a standard deviation of 20 gallons. Assume...
Cowabungie Incorporated builds custom-made bungie cords for dairy cattle whose production is dropping due to barn boredom syndrome. As each product must be made to the specifications of the user it...
If sales and average operating assets for year 2 are identical to their values in year 1 , yet operating income is higher, year 2 return on investment (compared with year $1 \mathrm{ROI}$ ) will a....
What is the difference between unit cost of a product under absorption costing and variable costing?
Does the AASB have legal power to enforce accounting standards within Australia?
Pop Company holds 70% of Son Company stock. Pop has sold inventory to Son Company as follows: Percent of Sold Sales Inventory Cost to Price to Held at Year Pop Son Year end 2018 $203,000 $355,000 30%...
A B C D E F G H J K L 1 Cost Mortgage Payments 2 Cost Description The upscale hotel's building was acquired for $10 million, leading to monthly mortgage payments of $60,000. Behavior Dollar Amount...
What celebrity attributes make for effective celebrity product endorsements? Celebrity testimonials are advertising messages delivered by famous people who say or imply that they use the...
Initial investment of $100,000 in a new medical equipment. Interest Rate 10% (Borrowed money from a bank). Item Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Investment 100,000 Expected Cash Flow 20,000...
How do I draw a top view of this sketch and I was also wondering how to draw an oblique cabinet projection. + + 1 1 ' '
Arctic Cat has many types of costs. What is an out-of-pocket cost? What is an opportunity cost? Are opportunity costs recorded in the accounting records?
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
Diplomatic Security Service provides Airport Transportation and Surveillance Service to Foreign Diplomats in Guyana. The company has two support departments - Information Systems and Equipment...
Q1: A disparity of bargaining power between the parties to a contract may result in unfair terms but a court is not likely to consider the contract unconscionable. Group of answer choices a. True b....
Life Tool Manufacturing has a system in place to recall products that prove to be dangerous at some time after manufacture and distribution. This represents which element of the due care theory?...

A responsibility center in which a manager is responsible only for controlling costs is (mathrm{a}(mathrm{n})) a. cost

Question:

Step by Step Answer:

Fundamental Cornerstones Of Managerial Accounting

Students also viewed these Business questions