Because profit centers are only responsible for controlling costs,their performance reports include only information on actual costs versus budgeted costs.

Question

Quizplus · Accepted Answer

This statement is not entirely accurate. While profit centers are responsible for controlling costs, their performance reports typically include other financial information such as revenue, gross profit, and net profit. The comparison of actual costs versus budgeted costs is just one aspect of their report.

Because Profit Centers Are Only Responsible for Controlling Costs,their Performance