Answer:
Financial accounting refer to the financial statement while, managerial is more focus into internal reports
In details, the most difference are as follows:
Aggregation.
Financing reports on the complete firm. While Managerial; at product, division or customer level.
Proven information. 
Financing require certain criteria to ensure precision. It need to prove correct to third parties. While Managerial uses budget, forecast and estimated values.
Reporting focus. 
Financial accounting is oriented toward outside
Managerial accounting analysis stays within a company.
Legislation: 
Financial accounting faces the GAAP, IFRS and heavy legislation. 
Managerial accounting doesn't
Time period. 
Financial accounting has a historical orientation their reports are resumes of past transactions and operations.
Managerial accounting has a future orientation.
Timing. 
Financial Statement are done at end of an accounting period. 
Managerial accounting issues on demand of the board or supervisor. 
 
        
             
        
        
        
All of the above all the above I've done it all
        
             
        
        
        
Answer:
C. $190,000
Explanation:
As per the given question the solution of Income reported on Income statement is provided below:-
here, we ill find first share in equity income and depreciation expenses on undervalue equipment to reach the i
ncome reported on Income statement
Share in equity income = Net income × Interest
= $500,000 × 40%
= $200,000
Depreciation expenses on undervalue equipment = undervaluation ÷ Number of years × Interest
= $250,000 ÷ 10 × 40%
= $10,000
Income reported on Income statement = Share in equity income -Depreciation expenses on undervalue equipment
= $200,000 - $10,000
= $190,000
 
        
             
        
        
        
Answer:
 $585,120
Explanation:
The computation of Budgeted direct labor costs is shown below:-
Direct labor cost per pod = Direct labor required per pod x Direct labor rate
= 2.4 × $10.60
= $25.44
Budgeted direct labor costs incurred in June = Direct labor cost per pod × Produced pods
= $25.44 × 23,000
= $585,120
Therefore for computing the budgeted direct labor costs we simply applied the above formula.