Questions from Managerial Accounting

Q: Compare and contrast a master budget and a flexible budget.

Compare and contrast a master budget and a flexible budget.

Q: Information from an environmental management accounting (EMA) system can be

Information from an environmental management accounting (EMA) system can be used to support managers and their primary responsibilities of planning, directing, and control-ling. Think of an organizati...

Q: The effect of sustainability on the environment is probably the most visible

The effect of sustainability on the environment is probably the most visible component of the triple bottom line. For a company with which you are familiar, list two examples of its sustainability eff...

Q: Compare product costs to period costs. Using a product of your

Compare product costs to period costs. Using a product of your choice, give examples of product costs and period costs. Explain why you categorized your costs as you did.

Q: Oftentimes, an investment in sustainable technology is more costly than a

Oftentimes, an investment in sustainable technology is more costly than a comparable investment in traditional technology. What arguments can you make for the investment in sustainable technology? Wha...

Q: Stakeholders are frequently the reason that companies adopt sustainable practices. Think

Stakeholders are frequently the reason that companies adopt sustainable practices. Think of an organization with which you are familiar. List as many stakeholders as you can think of for this organiza...

Q: Describe how the income statement of a merchandising company differs from the

Describe how the income statement of a merchandising company differs from the income statement of a manufacturing company. Also comment on how the income statement from a merchandising company is simi...

Q: How are the cost of goods manufactured, the cost of goods

How are the cost of goods manufactured, the cost of goods sold, the income statement, and the balance sheet related for a manufacturing company? What specific items flow from one statement or schedule...

Q: What makes a cost relevant or irrelevant when making a decision?

What makes a cost relevant or irrelevant when making a decision? Suppose a company is evaluating whether to use its warehouse for storage of its own inventory or whether to rent it out to a local the...

Q: Explain why “differential cost” and “variable cost” do

Explain why “differential cost” and “variable cost” do not have the same meaning. Give an example of a situation in which there is a cost that is a differential cost but not a variable cost.