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Question 1. 1.Managerial Accounting focuses on external financial reporting for investors, lenders, and other interested parties. (Points : 1)

      [removed] True
      [removed] False

 

Question 2. 2.Managerial Accounting roles include planning, directing, and controlling duties. (Points : 1)

      [removed] True
      [removed] False

 

Question 3. 3.Cost components would not include direct materials or direct labor since they are not part of operating overhead. (Points : 1)

      [removed] True
      [removed] False

 

Question 4. 4.Variable costs are costs that change in an unpredictable manner. (Points : 1)

      [removed] True
      [removed] False

 

Question 5. 5.Period costs generally relate to selling, general and administrative activities. (Points : 1)

      [removed] True
      [removed] False

 

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