Which of the Following Is a Measure of a Cost

question 145

Multiple Choice

Which of the following is a measure of a cost center manager's performance?

• A) budget performance report
• B) return and residual income measures
• C) divisional income statements
• D) balance sheet

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Definitions:

Payroll Register

A document that details the payments made to employees, including salaries, wages, deductions, and net pay.

Net Payroll

The total amount of wages paid to employees after the deduction of taxes and other withholdings.

IFRS

International Financial Reporting Standards, which are designed to bring consistency to accounting language, practices, and statements on a global scale.

Expected Loss

An estimated amount a company anticipates losing due to credit risk or other potential business risks.