Help Save&Exit; Su In preparing a responsibility income statement that shows con

Question

Help Save&Exit; Su In preparing a responsibility income statement that shows contribution margin and responsibility margin, generally are involved in allocating costs to the various centers. These concepts are: two concepts Multiple Choice Whether the costs are variable or fixed and whether they are material in doliar amount Whether the costs are traceable to the responsibility center and whether the responsibility center is organized as a profit center or an investmment center Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center Whether the costs are traceable to the responsibility center and whether they are material in dollar amount

Explanation / Answer

The Answer is – “ Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.”

In preparing a responsibility income statement that shows contribution margin and responsibility margin, There are two concepts are involved in allocating costs to various centers and those concepts are

1-Variable or Fixed

2- Directly traceable to the responsibility center.

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