An Example of a Service Cost Centre Is

question 15

Multiple Choice

An example of a service cost centre is:

• A) finished goods department.
• B) payroll department.
• C) machining department.
• D) assembly department.

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Definitions:

Salaries

Regular payments made to employees for their services, typically expressed on an annual basis.

Grinding Department

A specialized unit within a manufacturing process where materials are ground to the desired size or consistency.

Current Period

Refers to the specific span of time, such as a month, quarter, or year, that a financial statement covers.

Value Basis

The method or approach used to determine the worth or value of an asset or company, often for financial reporting or taxation.