Difference between traceable costs and common costs

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Questions -

Q1. What is the difference between a cost center and a profit center? Give a answer that demonstrates what critical element distinguishes the profit center from the cost center.

Q2. Describe the difference between a centralized and a decentralized management style.

Q3. What is the difference between traceable costs and common costs?

Q4. What are the four segments of a traditional balanced scorecard?

Q5. Annapolis Company completes job #601 which has a standard of 570 labor hours at a standard rate of $19.20 per hour. The job was completed in 530 hours and the average actual labor rate was $18.70 per hour. What is the labor rate variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Q6. Annapolis Company completes job #601 which has a standard of 570 labor hours at a standard rate of $18.50 per hour. The job was completed in 560 hours and the average actual labor rate was $19.50 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Reference no: EM132579529

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