menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 24: Departmental Accounting
  5. Question
    Explain the Difference Between a "Cost Center" and a "Profit
Solved

Explain the Difference Between a "Cost Center" and a "Profit

Question 108

Question 108

Essay

Explain the difference between a "cost center" and a "profit center."

Correct Answer:

verifed

Verified

A cost center is a unit or department th...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q103: The photography department in a department store

Q104: If there is a total of 100,000

Q105: The data processing department of a tax

Q106: Indirect expenses are those expenses that:<br>A) can

Q107: A line on the income statement that

Q109: To calculate gross profit, subtract operating expenses

Q110: Department contribution margin equals gross profit on

Q111: Which of the following is NOT a

Q112: A department with sales of $75,000 and

Q113: Windermere Corporation has 55,000 square feet in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines