A cost that is directly traceable to a particular center must be a variable cost.
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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
Q11: The responsibility margin is the contribution margin
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
Q17: Common fixed costs jointly benefit several parts
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