Hello sir, It's me again. I need your help about these questions.

Part 1

Question 1: Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?

Question 2: Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or are the topics that we are learning only related to manufacturing?

Question 3: If we could use these concepts in service and merchandising businesses, how would we go about doing so?

Part 2

Question 1: Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year.

Question 2: Should Cristin Madsen go along with the general managers request to reduce the direct labor-hours in the predetermined overhead rate computation to 105,000 direct labor-hours?

Question 3: How would managerial accounting tools help the user make decisions proactively?