is a location, person or item of equipment for which cost may be determined and used for the purpose of cost control.

CS Executive · Cost and Management Accounting · PYQS · June 2017
is a location, person or item of equipment for which cost may be determined and used for the purpose of cost control.
(A) Profit centre
(B) Cost centre
(C) Cost unit
(D) Cost driver

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost Concepts

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