24 questions, 2.5 points each; 60 P mary responsibility requires management to compare the budget to actual D. Planning 1. Which pri results? A. Adjusting C. Controlling B. Directing 2. Creating budgets are part of which primary management responsibiliya D. Adjusting A. Planning C. Directing B. Controlling 3. Which of the following statements is true regarding managerial accounting information A. Managerial accounting information must be prepared in conformity with Generally Accepted Accounting Principles (GAAP). anagerial accounting information emphasizes relevance C. Managerial accounting information is prepared annually and quarterly D. Managerial accounting information is audited by CPAs. B. M Which element of the value chain would depreciation on a factory be classified as? A. Design . B. Distribution D. R&D C. Production The cost of lighting the factory would be classified as_when cost of a manufactured product. A. a direct cost determining the D. none of the above B. a period costC. an indirect cost