[The following information applies to the questions displayed below.]
Patterson's Department Store prepares monthly income statements by sales departments.These income statements are organized to show contribution margin,performance margin,and responsibility margin for each sales department,as well as operating income for the store as a whole.
-Depreciation of the fixtures and equipment used exclusively in a particular sales department should be classified as a:
A) Common fixed cost.
B) Variable cost.
C) Controllable fixed cost.
D) Committed fixed cost.
Correct Answer:
Verified
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