Responsibility Centre can be categorised into:
A. Cost Centres only
B. Profit Centres only
C. Investment Centres only
D. Cost Centres, Profit Centres and Investment Centres
Answer: Option D
A. Cost Centres only
B. Profit Centres only
C. Investment Centres only
D. Cost Centres, Profit Centres and Investment Centres
Answer: Option D
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion