The contribution margin approach to preparing reports for managers classifies costs into fixed and variable costs.
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Q5: Evaluating the performance of cost centers involves
Q6: Performance margin is equal to controllable fixed
Q7: In responsibility income statements,revenue is first assigned
Q8: Profit centers generate revenues and costs.
Q9: Responsibility margin is useful in evaluating the
Q11: The responsibility margin is the contribution margin
Q12: A cost that is directly traceable to
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
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