Question: 1)How does managerial accounting differ from financial accounting 2)why do companies prepare budgets 3)why do companies that implement lean production tend to have minimal inventories

1)How does managerial accounting differ from financial accounting
2)why do companies prepare budgets
3)why do companies that implement lean production tend to have minimal inventories
4)define the following:(a) direct materials (b)indirect materials (c)direct labor (d)indirect labor (e)manufacturing overhead
5)distinguish between (a)variable cost (b) fixed cost (c)a mixed cost
6)define the following terms -(a)cost behavior (b) relevant range

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