The responsibility margin is the contribution margin less common fixed costs.
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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
Q12: A cost that is directly traceable to
Q13: If operations at a center are discontinued,all
Q14: All costs become traceable at some level
Q15: Traceable fixed costs usually cannot be eliminated
Q16: A common cost may become a traceable
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