Question 1
Which of the following statements is true about responsibility accounting statements?
◦ Responsibility accounting excludes controllable costs.
◦ Responsibility accounting segregates fixed costs and variable costs.
◦ Responsibility accounting excludes fixed costs and variable costs.
◦ Responsibility accounting segregates uncontrollable costs from controllable costs.
Question 2
A packaging department is most likely a profit center.
◦ true
◦ false