Question: Please complete Quick Study as follows: 1) in each blank next to the following terms, place the identifying letter of its best description 1) Cost
Please complete Quick Study as follows: 1) in each blank next to the following terms, place the identifying letter of its best description 1) Cost center A. Engages directly in manufacturing or in making sales 2) Investment center directly to customers. 3) Departmental accounting system B. Does not directly manufacture products but 4) Operating department contributes to profitability of the entire company. 5) Profit center C. Incurs costs and also generates revenues. 6) Responsibility accounting system D. Provides information used to evaluate the 7) Service department performance of a department E. Incurs costs without directly veilding revenues. F. Provides information used to evaluate the performance of a department manager. G. Holds manager responsible for revenues, costs, and investments, donation
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