Multiple Choice
The responsibility margin is calculated by:
A) Subtracting fixed costs traceable to a center from its contribution margin.
B) Subtracting common fixed costs from the contribution margin.
C) Subtracting variable costs from sales.
D) Subtracting common fixed costs from variable costs.
Correct Answer:
Verified
Correct Answer:
Verified
Q26: The responsibility margin is the contribution margin
Q27: Revenue,less variable costs,less traceable fixed costs,is called
Q28: The concept of contribution margin applies:<br>A)Only to
Q29: Responsibility income statement<br>Classico's Pizza,a chain of pizza
Q30: Responsibility margin is equal to revenue,less:<br>A)Contribution margin
Q32: [The following information applies to the questions
Q33: All costs become traceable at some level
Q34: John Thomas is the manager of materials
Q35: A responsibility income statement shows the revenue
Q36: The term responsibility center reflects the idea