3. Managerial accounting is concemed with a. the financial results of past activities. b. providing information for use within the organization. c. reporting financial information to regulators. d. reporting financial information to shareholders. e. all of the above. 4. On the flexible budget performance report A) there are both planning budget and flexible budget columns B) there are both, a spending variance and an activity variance C) actual amounts are calculated based on cost formulas given D) all of the above are true statements. E) A) and B) are both true statements