Question: I need the solutions to these problems 1. (A) How is managerial accounting different from financial accounting? (list 4 differences) 1. 2. 3. 4. (B)

 I need the solutions to these problems 1. (A) How is
I need the solutions to these problems

1. (A) How is managerial accounting different from financial accounting? (list 4 differences) 1. 2. 3. 4. (B) Which of the following transactions would reduce net income for the period and WHY? a. Paid $1,600 cash for raw material cost b. Paid administrative salaries of $2,500 c. Depreciated production equipment for $3,000 d. Purchased $5,000 of merchandise inventory WHY: 2. During its first year of operations, Nickelback Company paid $10,000 for direct material, $20,000 in wages for production workers, and $30,000 wages for administrative and sales personnel. Lease payments and utilities on the administrative building and production facilities amounted to $5,000 and $7,000, respectively. General, selling, and administrative expenses were $6,000. The company owns a delivery car and manufacturing equipment. The annual depreciation on the car is $ 1.000. The original cost of the equipment is $10,000 and has a salvage value of $1,000 after 3 years. The company produced 5,000 units and sold 4,000 units at a price of $20 a unit. (1) Indicate the average cost to produce one unit (2) Indicate the cost of goods sold (3) Indicate the cost of ending inventory

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