Solved

Match the Appropriate Definition (A)through (H)with the Following Terms

Question 147

Matching

Match the appropriate definition (a)through (h)with the following terms:

Premises:
Cost center
Profit center
Responsibility accounting system
Investment center
Departmental contribution to overhead
Cost driver
Performance report
Indirect expenses
Responses:
Compares actual and budgeted costs and expenses under the control of a manager.
Provides information that management can use to evaluate the performance of a department's managers.
A center whose manager is responsible for using the center's assets to generate income for the center.
A factor that causes the cost of an activity to go up and down.
Departmental sales in excess of its direct costs and expenses.
A department whose manager is judged on the ability to control costs by keeping them within a satisfactory range.
A department whose manager is judged on the ability to generate revenues in excess of the department's costs.
Costs that are incurred for the joint benefit of more than one department.

Correct Answer:

Cost center
Profit center
Responsibility accounting system
Investment center
Departmental contribution to overhead
Cost driver
Performance report
Indirect expenses
Related Questions

Q144: The _ is sales less direct expenses

Q148: Match the appropriate balanced scorecard perspectives (a)through

Q149: Match the appropriate shared cost categories with

Q150: Investment center
A)A department or unit that incurs

Q151: Joint cost
A)A department or unit that incurs

Q152: Cost center
A)A department or unit that incurs

Q165: A(n) _ is a department whose manager

Q168: The investment center return on total assets

Q202: _ are costs incurred to produce or

Q205: The first three steps in preparing a

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents