User Account

All Pages

Difference between public and managerial accounting

Assignment Help Managerial Accounting
Reference no: EM132950385

Question - Please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.

-Explain the difference between public accounting and managerial accounting. Provide a hypothetical example of an income statement for public reporting. Provide a hypothetical example of a managerial accounting income statement in process costing format. Explain your examples in detail.

-Explain operating cost classifications in managerial accounting, namely, manufacturing vs. selling/admin, variable vs. fixed, direct vs. indirect, and variable overhead vs. fixed overhead. Include examples for all.

-Explain the predetermined variable overhead criterion and include an example.

Reference no: EM132950385

Questions Cloud

Prepare the journal entries for the year ending June : Prepare the journal entries for the year ending 30 June 2021 and 30 June 2022 (For both Sam Ltd and West Ltd) Show the Lease receipts and payments schedule
Research principles that are randomized sampling : What other surveys besides surveys are based on research principles that are randomized sampling, high rates, and systems that reduces bias?
Case study-risk assessments : William owns a bicycle retail and repair shop which has seen an increase in business during the COVID-19 pandemic.
Discuss two likelihood of employee acceptance : Briefly discuss two (2) likelihood of employee acceptance if ABC is implemented. EE Sdn Bhd is a renowned manufacturing firm for the past 20 years.
Difference between public and managerial accounting : Explain the difference between public accounting and managerial accounting. Provide a hypothetical example of an income statement for public reporting
Make a final check after cleaning the guestroom : Why is it important to make a final check after cleaning the guestroom?
Prepare a statement of cash flows using indirect method : Prepare a Statement of Cash Flows for 2019 using the indirect method. Ramos Corporation Comparative Balance Sheets Dec.11, 2019
What is the purpose of guestroom inspection : What is the purpose of guestroom inspection? What benefits can employees derive from the process?
What is ei : What is EI and how can managers benefit from understanding EI?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd