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Choose the best an 1. Which of the following is one of the three pillars of Managerial Accounting as discussed in c. Controlling d. Evaluating
Choose the best an 1. Which of the following is one of the "three pillars of Managerial Accounting" as discussed in c. Controlling d. Evaluating the textbook? a. Accounting b. Codifying Answer 2. Consider the following costs and cost objects: Cost Cost Object 1. Pediatric patient medicine The pediatric department 1. Salary of the Head nurse in the Pediatric Department The pediatric department a Cost! is a direct cost; Cost Il is a direct cost. b. Cost I is a direct cost; Cost II is an indirect cost. c Cost I is an indirect cost; Cost II is a direct cost. d. Cost I is an indirect cost; Cost II is an indirect cost. Answer 3. Company A has a total contribution margin of $25,000 and Fixed Expenses of $5,000 for an income of $20,000 Company B has a total contribution margin of $75,000 and Fixed Expenses of $55,000 for an income of $20,000 1. Which has a larger Degree of Operating Leverage? II. If both companies increase sales by $100, which company will have the higher amount of income? a. Company A has the larger Degree of Operating Leverage; Company A will have the higher income. b. Company A has the larger Degree of Operating Leverage; Company B will have the higher income. c. Company B has the larger Degree of Operating Leverage; Company A will have the higher income. d. Company B has the larger Degree of Operating Leverage; Company B will have the higher income
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