Match the responsibility center to the correct responsibility report.

Responsibility Centers	Responsibility Reports
14. Cost center	a. Includes flexible budget variances for revenues and costs.
15. Revenue center	b. Includes flexible budget variances for costs.
16. Profit center	c. Includes flexible budget variances and sales volume variances for revenues.

The term responsibility center refers to a unit of anentity or organization responsible for all the events, tasks, and activities associated with such a particular unit. Each responsibility center carries its separatetasks and goals.

The term cost center indicates the unit of an organization that is responsible for spending thecosts or expenses on the products and services. Another important feature of a cost center is that it does not generaterevenues.

The term revenue center refers to the unit of an organization responsible for generating revenues. Revenue generation is done by selling goods or services to thecustomers of the market.

The profit center indicates the unit of an organization responsible for earning profits. Such a unit collects the data of revenues and costs and ascertains thevariances for profit maximization.