6. Cost information itself is a product with its own customers. True or False 7....
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Accounting
6. Cost information itself is a product with its own customers. True or False
7. A responsibility center can be a department, division, or segment, but not a subsidiary of the parent company. True or False
8. Managers are usually responsible for the revenues needed to achieve the targets set during the budgeting process, but not the resources consumed to achieve those targets. True or False
9. A cost can be considered a differential cost for one particular course of action but not for another course of action. True or False
10. Cost accounting information developed for managers to use in making decisions must comply with generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). True or False
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