Questions from Managerial Accounting

Q: At the end of 2017, Cyril Fedako, CFO for Central

At the end of 2017, Cyril Fedako, CFO for Central Products, received a report comparing budgeted and actual production costs for the company’s plant in Forest Lake, Minnesota: His f...

Q: Matthew Gabon, the sales manager of Office Furniture Solutions, prepared

Matthew Gabon, the sales manager of Office Furniture Solutions, prepared the following budget for 2017: After he submitted his budget, the president of Office Furniture Solutions reviewed it and reco...

Q: Rachel Cook owns Campus Copies, a copy business with several high

Rachel Cook owns Campus Copies, a copy business with several high-speed copy machines. One is a color copier that was purchased just last year at a cost of $25,000. Recently a salesperson got Rachel t...

Q: List three differences between financial and managerial accounting.

List three differences between financial and managerial accounting.

Q: How have changes in information technology impacted management of the value chain

How have changes in information technology impacted management of the value chain?

Q: Explain the difference between fixed and variable costs.

Explain the difference between fixed and variable costs.

Q: Consider the manager of the home appliance department at a Sears store

Consider the manager of the home appliance department at a Sears store. For this manager, list a cost that is controllable and a cost that is noncontrollable.

Q: What is incremental analysis? How is the concept used in decision

What is incremental analysis? How is the concept used in decision making?

Q: What is meant by the statement “You get what you measure

What is meant by the statement “You get what you measure!”?

Q: If an action is legal, is it necessarily ethical? Explain

If an action is legal, is it necessarily ethical? Explain.