The following situations describe decision scenarios that could use managerial accounting information:

1. The manager of Burger Barn wishes to determine the price to charge for various lunch plates.

2. By evaluating the cost of leftover materials, the plant manager of a precision machining facility wishes to determine how effectively the plant is being run.

3. The division controller needs to determine the cost of products left in inventory.

4. The manager of the Maintenance Department wishes to plan next year’s anticipated expenditures. For each situation, discuss how managerial accounting information could be used.