Responsibility accounting reports for a profit center typically show
A)revenues,expenses,and profit controlled by the manager of the center.
B)only the controllable revenues.
C)revenues,expenses,profit,and investment in assets controlled by the manager of the center.
D)all revenues and expenses of the profit center.

Question

Quizplus · Accepted Answer

Responsibility accounting reports for a profit center typically show revenues, expenses, and profit controlled by the manager of the center. This is because the manager of the profit center is responsible for managing the resources within his or her control to generate profits. These reports help in evaluating the performance of the profit center's manager and in making decisions related to the center's operations.

Responsibility Accounting Reports for a Profit Center Typically Show