An accounting system designed to measure the performance of each center within a business is referred to as a profitability accounting system.
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Q1: A responsibility income statement shows the revenue
Q3: Revenue,less variable costs,less traceable fixed costs,is called
Q4: In assigning costs to centers,each center is
Q5: Evaluating the performance of cost centers involves
Q6: Performance margin is equal to controllable fixed
Q7: In responsibility income statements,revenue is first assigned
Q8: Profit centers generate revenues and costs.
Q9: Responsibility margin is useful in evaluating the
Q10: The contribution margin approach to preparing reports
Q11: The responsibility margin is the contribution margin
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