There are three departments A, B and C in a company, The sales of A, B and Care Rs 3,520,000, Rs 2,880,000 and Rs 1.600.000. respectively. The variable costs of A, B and Care Rs 2,40,000, Rs 1,760,000 and Rs 1,440,000 respectively. The direct fixed costs of A, B and Care Rs 28,000, Rs 22,400 and Rs 12,800. Rank the different departments on basis of relative profitability. A- Rank 3, B- Rank 2 and C-Rank 1 A- Rank 2, B- Rank 1 and C- Rank 3 O A- Rank 3, B- Rank 1 and C- Rank 2 A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known as a(n): Cost Center Revenue Center o Profit Center Investment Center QUESTION 6 Which of the following statements are true about responsibility accounting? No focus is paid on controlling costs In responsibility center more focus is paid on products, processes or jobs Responsibility accounting results in inter-departmental conflicts QUESTION 7 Any part or activity of an organization about which a manager seeks cost, revenue, or profit data is called a segment True False Starbucks retail store, the consulting department of a company, and the paint department at Home Depot Cost Center Revenue Center Profit Center None of the above QUESTION 9 In cost centers manager have no revenue responsibilities. O True O False