Question

Which of the following choices correctly depicts whether McDonald's, the University Wisconsin, and Apple Inc. would have a need for managerial accounting?
a. The division of activities into unit-level, batch-level, product-sustaining level, and facility-level categories is commonly known as a cost: Object.
b. Application method.
c. Estimation method Hierarchy
d. Classification scheme that is useful in traditional, volume-based systems.

Answer 1

Answer:

a. The division of activities into unit level, batch level, product sustaining level and facility level categories is commonly known as cost.

Explanation:

The managerial accounting is important for any service business. McDonalds have service business and they run on zero tolerance for disruption in consumer service. Management accounting enables to identify cost for product sustaining and batch producing.