WGU UFC 1 Managerial Accounting Bundle Set

Managerial Accounting - Answer Provides financial and nonfinancial information to an internal decision makers Nonfinancial Info - Answer Customer/employee satisfaction data, % of on time deliveries, and product defect rates Planning - Answer Process of setting goals and making plans to a...

Direct Materials - Answer Raw materials inventory, beginning + Raw material purchases -Raw materials inventory, ending Total Manufacturing Costs - Answer Direct materials + Direct labor + Manufacturing overhead

1. Which feature of managerial accounting improves a company's ability to plan and control operations? A. It provides earnings per share data B. It allows comparability across business C. It requires strict adherence to GAAP D. It generates detailed information on product cost - Answer D. I...