The Item,department or Job for Which Costs Are Accumulated Is

question 42

Multiple Choice

The item,department or job for which costs are accumulated is called a:

• A)Cost object
• B)Responsibility centre
• C)Business
• D)Balanced scorecard

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Definitions:

Marginal Tax Rate

The rate of tax income of an additional dollar of income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, reflecting the percentage of tax paid on any additional dollar of income.

British Columbia

A province located on the west coast of Canada, known for its natural beauty, including mountains, forests, and coastline.

Taxable Income

Taxable Income is the amount of an individual's or a company's income used to determine how much tax will be owed to the federal government.