- 3 Marks
MA – Dec 2023 – L2 – Q1c – Divisional performance
This question asks for a comparison between profit centers and investment centers in management accounting.
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Question Tag: Profit Center
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- 6 Marks
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.
Question
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)
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- 20 Marks
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.
Question
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)
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- Tags: Absorption Costing, Cost Center, Management Information, Marginal Costing, Profit Center
- Level: Level 1
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- 3 Marks
MA – Dec 2023 – L2 – Q1c – Divisional performance
This question asks for a comparison between profit centers and investment centers in management accounting.
Find Related Questions by Tags, levels, etc.
Report an error
- 6 Marks
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.
Question
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)
Find Related Questions by Tags, levels, etc.
Report an error
- 20 Marks
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.
Question
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)
Find Related Questions by Tags, levels, etc.
- Tags: Absorption Costing, Cost Center, Management Information, Marginal Costing, Profit Center
- Level: Level 1
Report an error