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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Corbin Company had the following financial results for last month. What type of responsibility center do these financial results reflect?

One store   
Actual   
Flexible Budget   Flexible Budget
Variance
(U or F)   
% of Variance
(U or F)
Revenues   $220,000   $200,000   $20,000 F   10.00% F
Operating Expenses    80,000   70,000   10,000 U   14.29% U
Income from operations before service dept. charges   
140,000   
130,000   
10,000 F   
7.69% F
Service department charges   40,000   40,000   0   0
Income from operations   100,000   90,000   10,000 F   11.11% F

A) Profit center
B) Revenue center
C) Investment center
D) Cost center
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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