The Manager in a Cost Centre Is Responsible For

question 53

Multiple Choice

The manager in a cost centre is responsible for:

• A)Investments
• B)Only revenues
• C)Only the costs of production or services
• D)Both costs and revenues

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Definitions:

Progress Billing

A billing method where payments are made to a contractor by a client at various stages of a project, based on progress.

Estimates

Preliminary calculations or projections, often used in accounting and project planning to approximate future costs or revenues.

Audit Trail Report

A record that traces the detailed transactions relating to any operational, financial, or business activity within an organization.

Reports Center

A feature in accounting software that centralizes access to various financial reports and summaries for analysis and review.