ACCT 2230 Chapter Notes - Chapter 11: Fixed Cost, Earnings Before Interest And Taxes, Accounts Receivable

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An organization in which decision making is spread throughout the organization rather than being confined to a few top executives: traceable fixed costs. Fixed costs that can be identified with a particular segment and that arise because of the existence of the segment: common fixed cost. A fixed cost that supports the operations of more than one segment but is not traceable in whole or in part to any one segment: segment margin. A margin obtained by deducting a segment"s traceable fixed costs from the segment"s contribution margin: responsibility centre. Any business segment whose manager has control over cost or profit or the use of investment funds: cost centre. A business segment whose manager has control over cost but has no control over revenue or the use of investment funds: profit centre. A business segment whose manager has control over cost and revenue but has no control over the use of investment funds: investment centre.

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