Chapter 1 - When a managerial accountant was asked where in the organization are managerial accountants located, he said, we are partner with all of the other functions in the business here. Expound on the implication of this response? (300 words)

Chapter 2 - What is the relevance of properly classifying costs, and how does the misclassification of costs affect responsibility accounting? Provide an example to support your answer. (300 words)