Which of the following statements are correct? An income statement is not useful for management control purposes for profit centres. From a performance management perspective, an investment centre has the highest level of responsibility. Profit centre managers are authorized to make decisions about pricing. production, operations and capital acquisitions. A cost centre has no control over sales. An investment centre has control over invested funds, but not over costs and revenues. Cost centre managers are often evaluated by comparing actual costs under their control against budgeted or standard costs using variance analysis. Decisions made by profit centre managers include pricing, production, operations and capital acquisitions. When using segmented reporting, common fixed costs should be allocated to each segment. The same cost can be traceable or common depending on how the segment is defined.