Answer questions #1-12. Cite all references in APA format.

ngu 3. 4. Critical Thinking 5. Demonstration- Planning and control process 6. Case-ValuComp Computers; Planning and control process 7. Video-Wizards of the Coast; Use of managerial accounting Go to our dynamic Web site for more self-assessment, Web links, and addi. tional information. Q UESTION S 1. What is the goal of managerial accounting? 2. Briefly describe the planning and control process. 3. In a performance report, current period perfor- 7. Consider the manager of the home appliance de partment at a Sears store. For this manager, list a cost that is controllable and a cost that is non- controllable. mance is compared with some benchmark. What 8. What is incremental analysis? How is the concept might be a useful benchmark? 9. What is meant by the statement "You get what 10. What is the title of the individual to whom the 11. How have changes in information technology im- 12. If an action is legal, is it necessarily ethical? Explain used in decision making? you measure!"? controller and the treasurer report? pacted management of the value chain? 4. List three differences between financial and man- agerial accounting. 5. List three examples of nonmonetary information that might appear in a managerial accounting report. 6. Explain the difference between fixed and variable costs