QUESTION 4 Managerial accounting is different from financial accounting in that:

Question

QUESTION 4 Managerial accounting is different from financial accounting in that: O Managerial accounting is mainly used to set stock prices. Managerial accounting never includes nonmonetary information. Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization. O Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions. O Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors. QUESTION Which of the following characteristics does not usually apply to process operations systems? h unit of product is separately identifiable. Partially completed products are transferred between processes. Different managers are responsible for different processes. O Costs are computed using equivalent units. The output of all processes except the final process is an input to the next process. QUESTION A job order production system would be appropriate for a company that produces which one of the following items? Small gardening tools, including rakes, shovels, and hoes. O Seedlings for sale in a nursery Sacks of yard fertilizer O A landscaping design for a new hospital Packets of flower seeds.

Explanation / Answer

1) managerial accounting includes many projections and estimates whereas financial accounting has a minimum of prediction.

So correct option is " D "

2) The Correct option is " A " i.e. Each unit of product is separately identifiable .

This characteristic does not usually apply to process operations system

3) The correct option is " D " i.e. A landscape design for a new hospital

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.