For each of the following types of information, identify whether the information would be most applicable to

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For each of the following types of information, identify whether the information would be most applicable to financial (F) or managerial (M) accounting.

i. Income statement given to owners (for partnerships) and to shareholders (for corporations)

ii. Report of the amount of time needed to complete each process, to deliver to customers, and to respond to customer complaints

iii. Amount of sales by specific geographic locations, customers, and product or service lines

iv. Tax return filed with Internal Revenue Service

v. Proposal for additional or new office space

vi. Department store rating of suppliers with respect to quality and on-time delivery

vii. For an airline, the amount of time that the airplanes are on the ground, number of delays, and number of empty seats by flights

viii. Scheduling and costs of the various construction processes for a house, such as the foundation, framing, and interior finishing work

ix. For a landscape company, the number of competitors and prices charged by them

x. For legal firm, the tasks performed by different levels of lawyers and by paralegals

xi. For a bank, a report differentiating profits between commercial and residential loans

xii. For a restaurant, the breakdown between direct materials (food), direct labor (food preparers and servers), and indirect costs (electricity, insurance, rent, depreciation)

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Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

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