For each of the following decisions or actions, indicate which of the three areas of managerial accounting apply. Select the best option by placing the corresponding letter in the space provided.

Areas:

a. Product costing

b. Planning and control

c. Nonroutine decision making

Decisions or Actions by Management:

i. Consider opening another store across town

ii. Identify why production goals were not met

iii. Evaluate the results of various advertising alternatives

iv. Determine the direct costs and margin of various product lines

v. Decide whether to pay bonuses to workers

vi. Determine how much financing is needed as well as the type of financing

vii. Forecast what profit will be at different levels of sales

viii. Evaluate a new technology platform

ix. Find which process is creating a bottleneck

x. Measure customer satisfaction

xi. Buy or lease new equipment

xii. Submit financial statements to outside users such as shareholders