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21 Jan 2019

Managerial Accounting

This whole subject of differential costing is easy - variablecosts are the only costs that are relevant. Respond to thisstatement.

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Patrina Schowalter
Patrina SchowalterLv2
22 Jan 2019

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Related questions

Managerial accounting is different from financial accounting in that:

a. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.

b. Managerial accounting is mainly used to set stock prices.

c. Managerial accounting never includes nonmonetary information.

d. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

e. Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on the subdivisions of the organization.

1 - What are the key differences between managerial andfinancial accounting?

2 - How is managerial accounting relevant to you in your futurecareer?

3 - Why has ethical behavior in the area of accounting andfinance become so important?

9 Which statement(s) is True about the uses of managerial accounting?

Managerial accounting is used to support long-term planning decisions.

Managerial accounting helps a company evaluate the performance of company decisions.

Managerial accounting helps users run the day-to-day operations of the business.

All of the above

10 A budgeting system that requires managers to estimate sales and other operating expenses as though operations are being started for the first time is:

static budgeting.

flexible budgeting

zero based budgeting

None of the above

11

Fixed costs for Flag Stamp Co. are $250,000. The selling price per unit is $20.00, and variable costs are $15.00.

The contribution margin ratio is ? (state whole number only - no decimals).

12

Fixed costs for Flag Stamp Co. are $300,000. The selling price per unit is $20.00, and variable costs are $15.00. The break-even sales (in units) are ?

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