Multiple Choice
Responsibility margin is equal to revenue,less:
A) Contribution margin and traceable fixed costs.
B) Variable costs.
C) Variable costs and traceable fixed costs.
D) Variable fixed costs,traceable fixed costs,and common costs.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: An investment center is a profit center
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
Q31: The responsibility margin is calculated by:<br>A)Subtracting fixed
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