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nignag [31]
3 years ago
14

Managerial accounting differs from financial accounting in that managerial accounting A. is required by Generally Accepted Accou

nting Principles​ (GAAP). B. emphasizes data relevance over data objectivity. C. tends to report on the company as a whole rather than segments of the company. D. is used primarily by external decision makers.
Business
1 answer:
snow_tiger [21]3 years ago
4 0

Answer:

The correct option is (b)

Explanation:

Managerial accounting is for internal purpose for the managers for decision making. It is not mandatory as per GAAP, unlike financial accounting. Transactions are recorded as per the understanding of managers and not as per specific standards,

Managerial accounting focuses on data being relevant and not necessarily objective. Since, it caters to internal users, it is customized as per their requirement. Financial accounting, on the other hand needs to be highly objective as it caters to a wider audience who need transparent and reliable financial information.

Therefore, managerial accounting focuses on data relevance over data objectivity.

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Answer:

$300,000

Explanation:

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Lilit [14]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

UNIT VARIABLE DATA:

Selling price $60

Cost of shoes 37

Sales commission 3

Total Variable cost per unit 40

ANNUAL FIXED COSTS

Rent $30,000

Salaries 100,000

Advertising 40,000

Other fixed costs 10,000

TOTAL FIXED COSTS $180,000

1) Break-even point (units)= fixed costs/ contribution margin

Break-even point (units)= 180,000/ (60 - 40)= 9,000 pair of shoes

Break-even point (dollars)= fixed costs/ contribution margin ratio

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2) Q= 8,000

Income= quantity* contribution margin - fixed costs

Income= 8000*20 - 180,000= $-20,000

3) Variable costs= $37

Fixed costs= 180,000 + 15,500= $195,500

Break-even point (units)= 195,500 / (60 - 37)= 8,500 pair of shoes

Break-even point (dollars)= 195,500 / (23/60)= $510,000

4) Comission= $2

Variable costs= 42

Break-even point (units)= 180,000 / (60 - 42)= 10,000 pair of shoes

Break-even point (dollars)= 180,000 / (18/60)= $600,000

5) comission= $2 post 9,000 pair of shoes

Income= 9,000*20 + 3,000*18 - 180,0000= $54,000

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