A corporate accounting department would most often be considered a: A. Cost centre, because it is...
A corporate accounting department would most often be considered a:
A. Cost centre, because it is a support service
B. Cost centre, because its costs can be controlled by upper management
C. Revenue centre, if accountants have input in pricing decisions
D. Cost centre, because it is typically a high cost operation
Homework Answers
| Option A is the answer | |
|
Cost center is a unit of business in which the expenses are incurred and the unit is directly responsible for the incurred cost. Comment if you face any issues |
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A corporate accounting department would most often be considered
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Steve Rogers recently started a job as an administrative assistant in the cost accounting department of Mickey Manufacturing. New to the area of cost accounting, Steve is puzzled by the fact that one of Mickey's manufactured products, R2D2, seems to have a different cost, depending on who asks for it. When the marketing department requested the cost of R2D2 in order to determine pricing for the new catalog, Steve was told to report one amount, but when a request came...
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Custom Touch Inc. produces high quality desk organizers. A
recent analysis of fixed and variable costs per unit is as
follows:
Pricing Strategy: Companies typically use one of two strategies when pricing its products Target Pricing (Costing): Used in competitive environments. This approach assumes that market forces largely set the price. So, the company must engineer their cost structure to compete Cost Plus Pricing: Assumes...
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