9. Muscat company, reported the following results for January: Number of units 5.000 Selling price $50 Total Variable selling expense $50,000 Total Variable administrative expense 580,000 Total fixed selling expense $20,000 Total fixed administrative expense $30,000 Merchandise Beginning $10,000 Merchandise Purchase $40,000 Merchandise Ending $20,000 Based on traditional income statement Muscat company's net profit will be? A. $10,000 B. $15,000 C. $55,000 D. $40,000 10. Which of the following statement is correct about managerial accounting? A. Its prepared on annual basis. B. Creditors are considered one of the users of managerial accounting information. C. Data of managerial accounting is departmental focused. D. Managerial accounting information needs to be accurate