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