1. Explain the major differences between Financial and Managerial accounting? (3pts) 2. Is one type of...
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1. Explain the major differences between Financial and Managerial accounting? (3pts) 2. Is one type of accounting more important than the other? Explain. (3pts) 3. For each of the following costs in a rolerblades manufacturing plant, state whether it would be considered: (1) a period cost of a product cost and (21arita product cost, then state whether it would be classifed as: direct materials, direct labor or manudacturing overhead: (1pt each: 9 pts tota) Example: Salaries of janitors in the factory Answer Product cost, mfg overhead a. Wheels and skate boots b. Salaries of rollertlade assemblers C. Accounting manager salary d. Rent on the production facility e. Oll and glue used on the rollerblades 1. Depreciation on corporate office equipment (not used ien tactory) E Salaries of supervisors over the production facility Human Resources department salaries 1 Salaries of ipping department workers 1. Explain the major differences between Financial and Managerial accounting? (3pts) 2. Is one type of accounting more important than the other? Explain. (3pts) 3. For each of the following costs in a rolerblades manufacturing plant, state whether it would be considered: (1) a period cost of a product cost and (21arita product cost, then state whether it would be classifed as: direct materials, direct labor or manudacturing overhead: (1pt each: 9 pts tota) Example: Salaries of janitors in the factory Answer Product cost, mfg overhead a. Wheels and skate boots b. Salaries of rollertlade assemblers C. Accounting manager salary d. Rent on the production facility e. Oll and glue used on the rollerblades 1. Depreciation on corporate office equipment (not used ien tactory) E Salaries of supervisors over the production facility Human Resources department salaries 1 Salaries of ipping department workers
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Answer Answer 1 Financial Accounting Managerial Accounting 1User of the Financial Accounting is a Ex... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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