Question

A profit center responsibility report​ ________. A. does not include revenues since that information only appears on the revenue center responsibility report B. is the same as a performance report C. should not include costs for which the profit center manager is not accountable D. includes traceable fixed expenses

Answer 1

Answer: D - includes traceable fixed expenses

Explanation: A profit center responsibility report that has controllable costs and controllable income. the costs includes traceable fixed expenses.

A profit center responsibility report shows the budgetary income and costs of an organisation as against current costs and income.

It shows how profitable an organisation is currently as against its budgeted profitability or loss.