Exercise $1-25$ Managerial Accounting and Decision Making $($LO$1$

Give an example of managerial accounting information that could help a manager make each of the following decisions.

The president of Budget Rent a Car is deciding whether to add luxury cars to the rental car fleet.

The production manager in a Volvo Trucks plant is deciding whether to have routine maintenance performed on a machine weekly or biweekly.

The manager of a Target store is deciding how many security personnel to employ for the purpose o reducing shoplifting.

The Miami$-$Dade County board of representatives is deciding whether to build an addition onto one of the county libraries.