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3 years ago

LO 1.2What are the key differences between financial accounting and managerial accounting?

Business

1 answer:

Alex_Xolod [135]3 years ago

5 0

Answer:

Difference between managerial accounting and financial accounting is described as follows:-

Managerial accounting is the accounting process for observing and recording business transaction whereas information and facts of accounts that are collected to make financial statement called financial accounting.
Managerial accounting reports about the issue and obstruction that are occurring in the business processes and the measure to fix it are planned whereas financial accounting deals with profit generation .
Managerial account processes by accounting every level of business internally but financial accounting look business as a whole level.

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Answer:

B. the cost of the business owner’s time and labor paying for gas for a company vehicle

Explanation:

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Implicit costs are opportunity costs.

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2 years ago

The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average person fall

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2 years ago

On June 1, Aaron Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated usefu

Alex_Xolod [135]

Answer:

It is $30,000(C)

Explanation:

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Using straight-line method,

Annual depreciation = $90,000/3

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3 years ago

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

DerKrebs [107]

Answer:

Allocated overhead= $173,137.5

Explanation:

Giving the following information:

Estimated overhead= $243,000

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First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 243,000/8,000

Predetermined manufacturing overhead rate= $30.375 per direct labor hour

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2 years ago

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Hitman42 [59]

Answer:

sorry i just need points ;-;

Explanation:

BUT! oh, jeez. yeah, im only in 9th grade, but if you have any other questions like math, i can try?

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3 years ago