In each dropdown next to the following terms, select the identifying letter of its best description. Incurs costs without directly yielding revenues. Provides information used to evaluate the performance of a department. Costs incurred for the joint benefit of more than one department. Costs that a manager has the ability to affect. Holds manager responsible for revenues, costs and investments. Provides information to evaluate the performance of a department manager.

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Answer:

Cost center ⇒  Incurs costs without directly yielding revenues.

Investment center ⇒ Holds manager responsible for revenues, costs and investments.

Departmental accounting system ⇒ Provides information used to evaluate the performance of a department.

Indirect expenses ⇒ Costs incurred for the joint benefit of more than one department.

Controllable Cost ⇒  Costs that a manager has the ability to affect.

Responsibility accounting system ⇒ Provides information to evaluate the performance of a department manager.