Company: EFG Services Ltd.

Managerial Accounting Process:

1. Recording Costs:
   • EFG Services records its cost of services provided at $40 million, including direct labor and indirect costs.
   • General and administrative expenses are recorded at $15 million.

1. Analyzing Costs:
   • Conduct cost behavior analysis to classify costs as fixed, variable, or mixed.
   • Perform budget variance analysis to compare budgeted costs with actual costs.

1. Reporting Costs:
   • Prepare a service cost report to detail the costs associated with each service provided.
   • Present a cost allocation report to allocate overhead costs to different service lines.

1. Strategic Cost Management:
   • Discuss strategies to improve the efficiency of service delivery.
   • Evaluate the cost-effectiveness of investing in new technology to streamline operations.