The Manager Is Responsible for Generating Revenues and Controlling Costs

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In a _______ the manager is responsible for generating revenues and controlling costs. The term responsibility accounting refers to an accounting system that collects summarizes and reports accounting data relating to the responsibilities of individual managers.

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The main purpose of a profit centre is to earn profit.

. Cost center transfer pricing center revenue center Correct. A subunit that has responsibility for controlling costs but does not have responsibility for generating revenue is an A. The manager is only responsible for generating revenues.

This preview shows page 5 - 7 out of 14 pages. Brad is most likely to be the manager of a. Suboptimization occurs when a manager of a cost center focuses on the goals of the cost center rather than on the goals of the organization as a whole.

The manager is only responsible for controlling costs. Quick Apply Full-time 46 minutes ago Full Job Description The General Manager is responsible for continually focusing on achieving hotel profitability through revenue generation cost control guest satisfaction and developing employees while. It is used to give managers specific responsibility for revenues generated expenses incurred andor funds invested.

A restaurant chain may evaluate each store as a separate profit center. A profit centre is a segment of an organisation whose manager is responsible for both revenues and costs. The manager is responsible for generating profits and efficiently managing the.

A profit center is a branch or division of a company that directly adds to the corporations bottom-line profitability. A responsibility accounting system provides information to evaluate each manager on the revenue and expense items over which that manager has primary control authority to. These are responsible for generating profit be it through controlling cost or increasing revenue.

Question 14 1 1 pts In a ________ the manager is responsible for generating revenues and controlling costs. Brad turret one of the managers of a multi national company is responsible for generating revenues and controlling costs in order to increase the operating income of his divison. It is usually handled by the manager in charged of the department in the cost center in which he or she does not only controls the cost but also generates revenues.

Sales price of goods. Log in for more information. The answer in the space provided is the cost center.

Question 15 1 1 pts The payroll department of a manufacturing company is most likely to be a n. He is expected to earn a requisite return on the amount employed in assets in his centre. A high rate of employee turnover indicates that __________.

It is a centre in which a manager can control not only revenues and costs but also investments. Operating income avg total assets. A store with more revenue would generate more food costs.

It is the responsibility of the manager of the profit centre to generate revenue and incur costs in a manner to maximize profit. The manager is responsible for generating revenues and controlling costs. A general manager GM is responsible for all or part of a departments operations or the companys operations including generating revenue and controlling costs.

The General Manager is responsible for continually focusing on achieving hotel profitability through revenue generation cost control guest satisfaction and developing employees while maintaining the integrity of the hotel. A responsibility center is a functional entity within a business that has its own goals and objectives dedicated staff policies and procedures and financial reports. It is because in the cost center it is where costs are being managed handled and are being charged in which is needed in purposes in accounting.

Revenue center Question. The managers of profit centres focus on both the production and marketing of the product. In small companies the general.

First managers plan the. This integrates the project revenue plan with the overall project plan allowing the project manager to effectively plan and manage the revenue processes. In a profit centre the manager has the responsibility and the authority to make decisions that affect both costs and revenues and thus profits for the department or division.

This allows the senior managers of a company to trace all financial activities and. This problem has been solved. However he is not concerned about investment-related decisions.

The manager of such a centre is made responsible for properly utilising the assets used in his centre. In a ________ the manager is responsible for generating revenues and controlling costs. Cost control refers to managements effort to influence the actions of individuals who are responsible for performing tasks incurring costs and generating revenues.

The store manager is responsible for the stores revenues and expenses. An assessment of food cost alone would be foolhardy without giving consideration to the stores revenues. A manager who is responsible for both cost and revenues belongs to department of profit center.

The PRMP generates a revenue timeline that defines a revenue recognition forecast based on key contract terms and project milestones. A part of the organisation where the manager has responsibility for generating revenues controlling costs and producing a satisfactory return on capital invested in the division is called. A market-based transfer price is based on the ____________ when determining the transfer price.

Transfer pricing center C. A cost center is a center for which cost is to allocated and the manager of that particular department is held responsible for the costs that are under the managers control. The manager of an investment center is responsible for generating revenue as well as controlling expenses.

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