Managerial accounting information is not just for accountants. All areas within an organization can use the information to support decision making. Choose a position in an organization that is appealing to you and identify several decisions that you might be asked to make in that position. What kind of managerial accounting information would you need to make those decisions?
Answer to relevant QuestionsIn each of the following situations, identify whether the setting is primarily financial accounting or managerial accounting.a. Volkswagen has experienced a decline in U.S. sales, which dropped 18% in 2005 and 24% between ...(Adapted from M. Elizabeth Haywood and Donald E. Wygal, "Corporate Greed vs. IMA's Ethics Code," Strategic Finance, November 2004, 45-49).The IMA's Statement of Ethical Professional Practice was designed to help finance ...Identify each of the following costs, incurred monthly by Baylor Balloon Bouquets, as fixed, variable, or mixed. Explain yourreasoning.Managers of Tom Brown Distributors are evaluating the compensation system for the company's sales personnel. Currently, the two salespeople have a combined salary of $60,000 per year and earn a 3% sales commission.The ...Bob Jones owns a catering company that stages banquets and parties for both individuals and companies. The business is seasonal, with heavy demand during the summer months and year-end holidays and light demand at other ...
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