Question Tag: Profit Center

Search 500 + past questions and counting.
  • Filter by Professional Bodies

  • Filter by Subject

  • Filter by Series

  • Filter by Topics

  • Filter by Levels

MA – Dec 2023 – L2 – Q1c – Divisional performance

This question asks for a comparison between profit centers and investment centers in management accounting.

State ONE (1) similarity and TWO (2) differences between a Profit centre and an Investment centre.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

MA – May 2017 – L2 – Q1c – Performance analysis, Other aspects of performance measurement

Explain cost center, revenue/profit center, and investment center in terms of their managerial objectives and performance measurement indexes.

Explain in brief the following terminologies as used in performance evaluation, highlighting their managerial objectives and the performance measurement indexes:

i) Cost centre
ii) Revenue/profit centre
iii) Investment centre

(6 marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

IMAC – MAR 2023 – L1 – Q3 – Marginal Costing and Absorption Costing | Scope of Management Accounting

Explain qualities of management accounting information, and differences between marginal and absorption costing.

a) Management accounting systems obtain information from both internal and external sources. Cost accounting system is one major source of management accounting information, and such information is only useful to managers if it possesses certain qualities.

Required:
In reference to the statement above, explain FIVE (5) qualities of management accounting information.
(10 marks)

b) Explain the following briefly:
i) Cost center (2.5 marks)
ii) Profit center (2.5 marks)

c) Explain TWO (2) differences between a marginal costing system and an absorption costing system.
(5 marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

MA – Dec 2023 – L2 – Q1c – Divisional performance

This question asks for a comparison between profit centers and investment centers in management accounting.

State ONE (1) similarity and TWO (2) differences between a Profit centre and an Investment centre.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

MA – May 2017 – L2 – Q1c – Performance analysis, Other aspects of performance measurement

Explain cost center, revenue/profit center, and investment center in terms of their managerial objectives and performance measurement indexes.

Explain in brief the following terminologies as used in performance evaluation, highlighting their managerial objectives and the performance measurement indexes:

i) Cost centre
ii) Revenue/profit centre
iii) Investment centre

(6 marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

IMAC – MAR 2023 – L1 – Q3 – Marginal Costing and Absorption Costing | Scope of Management Accounting

Explain qualities of management accounting information, and differences between marginal and absorption costing.

a) Management accounting systems obtain information from both internal and external sources. Cost accounting system is one major source of management accounting information, and such information is only useful to managers if it possesses certain qualities.

Required:
In reference to the statement above, explain FIVE (5) qualities of management accounting information.
(10 marks)

b) Explain the following briefly:
i) Cost center (2.5 marks)
ii) Profit center (2.5 marks)

c) Explain TWO (2) differences between a marginal costing system and an absorption costing system.
(5 marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

NBC Institute

Hello! How can I help you today?