Question

Each of the following situations describes an organizational unit. Identify which type of responsibility center each underlined item is (cost, revenue, profit, or investment Center Organization Type of Responsibility Center (Cost, Revenue, Profit, or Investment) Revenue a. Sherwin-Willams Store 1933 is located in Copley, Ohio. The store sells paints, wallpapers, and supplies to do-it-yourself customers and to professional wall covering installers. b. The Accounting Research and Compliance Department at FirstEnergy is responsible for researching how new accounting pronouncements and rules will Impact FirstEnergy's financial statements C. The Southwestern Sales Region of McDermott Foods is responsible for selling the various product lines of McDermott. Investment Revenue

Answer 1

​Sherwin-Williams Store​ #1933 is located in​ Copley, Ohio. The store sells​ paints, wallpapers, and supplies to​ do-it-yourself customers and to professional wall covering installers	Profit Center
The Accounting Research and Compliance Department at First Energy is responsible for researching how new accounting pronouncements and rules will impact​ First Energy's financial statements.	Cost Center
The Southwestern Sales Region of McDermott Foods is responsible for selling the various product lines of McDermott.	Revenue Center