In departmental accounting, any costs and expenses not directly related to a specific department are allocated to all departments.
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Q3: Miscellaneous Income must be traced to a
Q4: The amount of floor space occupied by
Q5: Cost centers do not directly earn revenue.
Q6: Decisions to retain, eliminate, expand or contract
Q7: Responsibility accounting provides detailed data for each
Q9: When a business is organized into separate
Q10: A company may have several cost centers,
Q11: For accounting purposes, both revenue and cost
Q12: A business segment or department with a
Q13: Income from operations provides a better measure
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