Which of the Following Characteristic(s)relate(s)more to Managerial Accounting Than to Financial

question 35

Multiple Choice

Which of the following characteristic(s) relate(s) more to managerial accounting than to financial accounting?

• A)A focus on reporting to personnel within an organization.
• B)A focus on reporting to external parties.
• C)An area of accounting that is heavily regulated.
• D)A focus on providing information that is relevant for planning,decision making,directing,and control.
• E)Choices "A" and "D" abovE.

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Definitions:

Favorable Variance

A financial term indicating that actual costs were less or actual revenues were more than what was budgeted or forecasted.

Variable Cost

Variable costs vary directly with the level of production output, including expenses like raw materials and direct labor.

Flexible Budget

A dynamic budget that recalibrates based on fluctuations in operational volume or activity.

Output

The quantity of goods or services produced by a company during a specific period.