In each blank next to the following terms, place the identifying letter of its best description.
1. Operating department
2. Profit center
3. Responsibility accounting system
4. Cost center
5. Investment center
6. Departmental accounting system
7. Service department
A. Holds manager responsible for revenues, costs, and investments.
B. Does not directly manufacture products but contributes to profitability of the entire company.
C. Incurs costs and also generates revenues.
D. Provides information used to evaluate the performance of a department.
E. Incurs costs without directly yielding revenues.
F. Provides information used to evaluate the performance of a department manager.
G. Engages directly in manufacturing or in making sales directly to customers.