Select the correct statement regarding managerial and financial accounting. Multiple Choice Both managerial and financial accounting use economic and physical data in addition to financial data. o o Timeliness is more important in financial accounting than in managerial accounting. o Financial accounting is more highly regulated than managerial accounting. o Users of managerial accounting information desire greater aggregation than do users of financial accounting Information Which of the following costs is a period cost? Multiple Choice o Insurance for the factory building o Depreciation of manufacturing equipment o Administrative employee salaries o All of these are period costs. Select the correct statement regarding fixed costs. Multiple Choice O Total fixed cost remains constant when volume changes O There is a contradiction between the term "fixed cost per unit" and the behavior pattern implied by the term. O Fixed cost per unit is not fixed. O All of these are correct statements