Question: Following is a management accounting report for the Anders Ford Company. Contrast this report with a financial accounting report according to the list of differences

Following is a management accounting report for the Anders Ford Company. Contrast this report with a financial accounting report according to the list of differences given in the text.

ANDERS FORD COMPANY Service Department Report November Number of jobs completed Number of employee days Expenses: Planned 400 740 Actual Difference (34) 366 736 Employee wages Parts used Supplies used Other expenses 522,000 16,000 5,000 6,000 49,000 60,000 $11,000 $22,772 12,574 4,824 6,624 46,794 54,468 7,674 s (772) 3,426 176 (624) Total expenses 2,206 Revenue Profit (5,532) $(3,326) unfavorable.

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