Which type of responsibility center is production department

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Reference no: EM132796527

Problem 1: In the linear equation Y = a + bX, what variable is represented by Y?

Option 1: Total cost
Option 2: Total variable cost
Option 3: Total fixed cost
Option 4: Level of activity

Problem 2: Which type of responsibility center is a production department in a factory?

Option 1: Revenue center
Option 2: Profit center
Option 3: Investment center
Option 4: Cost center

Problem 3: The following information is taken from the static budget income statement of the Masters Corporation:

Sales = $500,000
Variable costs = 250,000
Fixed costs = 100,000
Net income = $150,000

What would be the budgeted net income for a flexible budget based on sales of $600,000?

Option 1: $180,000
Option 2: $230,000
Option 3: $250,000
Option 4: $200,000

Reference no: EM132796527

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