Solved

Match the Appropriate Definition with the Following Terms

Question 210

Matching

Match the appropriate definition with the following terms:

Premises:
Joint cost
Investment center
Cost center
Profit center
Indirect expenses
Direct expenses
Controllable costs
Responses:
Costs incurred to produce or purchase two or more products at the same time.
Costs that are incurred for the joint benefit of more than one department and cannot be readily traced to only one department.
A department that generates revenues and incurs costs.
A department or unit that incurs costs without directly generating revenues.
A department or unit that generates revenues and incurs costs, in which the manager is also responsible for investments made in operating assets.
Costs readily traced to a specific department because they are incurred for the sole benefit of that department.
Costs for which a manager has the power to determine or at least significantly affect.

Correct Answer:

Joint cost
Investment center
Cost center
Profit center
Indirect expenses
Direct expenses
Controllable costs
Related Questions

Q182: Jarrett Department Store operates three departments (A,

Q187: A _ provides information for managers to

Q193: A_ accumulates and reports costs and expenses

Q196: A _ helps control costs and expenses

Q201: A(n) _is a department that generates revenues

Q202: _ are costs incurred to produce or

Q203: The _ is a report of the

Q205: The first three steps in preparing a

Q206: The investment center return on investment is

Q209: Match the appropriate definition a through h

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