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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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A responsibility center in which a manager is responsible only for costs is a(n)

  1. a. investment center.
  2. b. revenue center.
  3. c. profit center.
  4. d. cost center.

To determine

Identify the responsibility center in which a manager is responsible only for costs.

Explanation

Responsibility Center:

A business segment whose managers are responsible or accountable for certain activities or tasks is known as responsibility centers. There are four types of responsibility centers, which are cost center, revenue center, investment center, and profit center.

d.

A cost center is a type of responsibility center whose manager is only accountable for costs. It is an organizational part which focuses only on costs. Therefore, this option is correct.

a.

An investment center is one of the types of responsibility center whose manager is accountable for sales, costs, and investment...

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