Asked by Kayla Ellison on Jun 10, 2024
Verified
Which of the following would be least likely to be considered a managerial accounting report?
A) report to analyze potential efficiencies and savings for the purchase of new production equipment
B) schedule of total manufacturing costs incurred
C) statement of cost of goods manufactured
D) statement of stockholders' equity
Managerial Accounting Report
An internal financial report tailored to meet the information needs of an organization's management for decision-making purposes.
Statement of Stockholders' Equity
A financial document that outlines the changes in the equity section of a company's balance sheet over a period, reflecting transactions like stock issuance, dividends, and earnings.
Schedule of Total Manufacturing Costs
This is a detailed statement summarizing the total costs—direct materials, direct labor, and manufacturing overhead—incurred during the production of goods in a specific period.
- Identify the components of managerial accounting reports.
- Recognize the role and preparation of managerial accounting reports for internal decision-making.
Verified Answer
Learning Objectives
- Identify the components of managerial accounting reports.
- Recognize the role and preparation of managerial accounting reports for internal decision-making.
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