Economics · Cost Accounting
Which of the following describes a 'cost centre'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An amount of expenditure attributable to a particular activity
- 2A segment of the organisation for which budgets are prepared
- 3A function or location for which costs are ascertained✓
- 4A unit of output or service for which costs are ascertained
Correct answer
A function or location for which costs are ascertained
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