As one moves up to each higher level of managerial responsibility, A. fewer costs are controllable B. the responsibility for cost incurrence diminishes C. a greater number of costs are controllable D. performance evaluation becomes less important E. none of the above A responsibility report should A. be prepared in accordance with generally accepted accounting principles B. show only those costs that a manager can control C. only show variable costs D. only be prepared at the highest level of managerial responsibility E. do none of the above A profit center is A. a responsibility center that always reports a profit B. a responsibility center that incurs costs and generates revenues C. evaluated by the rate of return earned on the investment allocated to the center D. referred to as a loss center when operations do not meet the company's objectives E. more than one of the above Safety Seats Company recorded the following operating data for its auto accessories division for the year: Sales $375,000 Contribution margin 90,000 Controllable fixed costs 50,000 Average total operating assets 200,000 How much is ROI for the year? A. 13.3% B. 20.0% C. 25.0% D. 45.0%