In Preparing a Responsibility Income Statement That Shows Contribution Margin

question 12

Multiple Choice

In preparing a responsibility income statement that shows contribution margin and responsibility margin,generally two concepts are involved in allocating costs to the various centers.These concepts are:

• A)Whether the costs are variable or fixed and whether they are material in dollar amount.
• B)Whether the costs are traceable to the responsibility center and whether the responsibility center is organized as a profit center or an investment center.
• C)Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.
• D)Whether the costs are traceable to the responsibility center and whether they are material in dollar amount.

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Definitions:

Personal Salvation

The belief or doctrine in various religions that individuals can be saved or redeemed from sin and its consequences, often through faith or religious practices.

Group Salvation

A religious or spiritual concept that emphasizes salvation or redemption as a collective experience rather than solely an individual achievement.

Slave Culture

The social, cultural, and family structures, as well as traditions and linguistic dialects, developed among enslaved Africans and their descendants in the Americas.

African Past

The historical experiences, civilizations, and cultures of the African continent before the modern era.