Cost, revenue, profit and investment centres Flashcards

1
Q

Cost unit

A

individual unit for whihc costs can be seperatly identified
product that a company makes

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2
Q

Responsibility centres

A

based on identifying individual parts of a business whcih are the responsibility of a single manager

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3
Q

cost centres

A

part of a business which costs can be seperatly determined and manager is responsible for controlling costs only
e.g. warehouse

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4
Q

revenue centre

A

revenue can be seperately determined and mamagwr is resposnsilbe

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5
Q

profit centres

A

identifiable revneues and costs manager resposnilbe for controlling profits

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6
Q

investment centres

A

manager of centre responsbile for costs revenues and level of investment in assests

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