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In each blank next to the following terms, place the identifying letter of its best description. 1 . _ _ _ _ _ 1 .
In each blank next to the following terms, place the identifying letter of its best description.
Cost center
Profit center
Responsibility accounting system
Service department
Indirect expenses
Controllable costs
A Incurs costs without directly yielding revenues.
B Provides information used to evaluate the performance of a department.
C Does not directly manufacture products but contributes to profitability of the entire company.
D Costs incurred for the joint benefit of more than one department.
E Costs that a manager has the ability to affect.
F Incurs costs and also generates revenues.
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