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a) It is clear that financial accounting focuses on reporting to outside users while managerial accounting focuses on reporting to inside users. What specific characteristics
a) It is clear that financial accounting focuses on reporting to outside users while managerial accounting focuses on reporting to inside users. What specific characteristics would we expect to see in managerial accounting information? (10 marks) b) Kofi Brokeman Ltd manufactures four products using the same machinery. The following details relate to its cost and sales per unit of each product. There is a maximum of 2000 machine hours available per week. Requirement: Determine the production plan which will maximize the weckly profit of Kofoi Brokeman Ltd and prepare a profit statement showing the profit your plan will yield. (15 marks)
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