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A TYPICAL USE OF MANAGERIAL ACCOUNTING IS TO:

A TYPICAL USE OF MANAGERIAL ACCOUNTING IS TO:

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Author: Joyce Buda
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A typical use of managerial accounting is to:help investors and creditors assess the financial position of the company.help management get a clean audit reporthelp the marketing manager decide which product promotion to implementhelp the SEC decide whether management is in compliance of its policies.Question 2Three costs incurred by Pitt Company are summarized below:1,000 units 2,000 unitsCost A $10,000 $15,000Cost B $21,000 $21,000Cost C $16,000 $32,000Which of these costs are variable?A, B, and CA and BA onlyC onlyQuestion 3Bubba's Steakhouse has budgeted the following costs for a month in which 1,600 steak dinnerswill be produced and sold: Materials, $4,080; hourly labor (variable), $5,200; rent (fixed),$1,800; depreciation, $720; and other fixed costs, $450. Each steak dinner sells for $12.00 each.How much would Shula’s profit increase if 10 more dinners were sold?Question 4Bellfont Company produces door stoppers. August production costs are below:Door Stoppers produced 78,000Direct material (variable) $20,000Direct labor (variable) 40,000Supplies (variable) 20,000Supervision (fixed) 26,500Depreciation (fixed) 22,500Other (fixed) 6,000In September, Bellfont expects to produce 100,000 door stoppers. Assuming no structuralchanges, what is Bellfont’s production cost per door stopper for September?Question 5Aaron's chairs is in the process of preparing a production cost budget for August. Actual costs inJuly for 120 chairs were:Materials cost$4,630Labor cost2,880Rent1,500Depreciation2,500Other fixed costs3,200

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