LO 1 | Explain departmentalization and the role of departmental accounting. |
LO 2 | Distinguish between direct and indirect expenses. |
LO 3 | Identify bases for allocating indirect expenses to departments. |
LO 4 | Prepare departmental income statements. |
LO 5 | Prepare departmental contribution reports. |
LO 6 | Explain controllable costs and responsibility accounting. |
LO 7 | Analyze investment centers using return on total assets. |