The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?
Correct answer: C. responsibility center
- A. subunit center
- B. instruction center
- C. responsibility center
- D. activity segment
Explanation
A responsibility center is an organizational subunit whose manager is accountable for specified activities, costs, revenues, or investments. The other terms are not standard responsibility-accounting classifications.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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