For each situation, discuss how and what type(s) of managerial accounting information could be generated and used to help make decisions.

are these statements below correct

1. The manager of Good Times Restaurant wants to determine the price to charge for various lunch plates on the menu.The type of managerial accounting information that would be generated and used would be getting a product cost and evaluating the amount of profit they would need to generate in order to sustain business expenses. This is important in making a reasonable cost for customers to want to come back, but also keeping the business afloat in order to maintain proper growth within the company as well as paying expenses at the end of the year.

2. By evaluating the cost of leftover materials, the plant supervisor of a precision tool factory wants to determine how effectively the plant is being run.The constraint analysis is what would be used and generate good information while figuring out how effective the plant is being run. We will be able to use this function to see how efficient the plant is being run, and give the opportunity to figure out ways to make it better, and more profitable in the future.

3. The division controller of East Coast Supplies needs to determine the cost of products left in inventory.The division controller would be able to determine not only the cost of products left in inventory, but also be able to see how much left over inventory there is to back log it and not have as may ordered next time when they restock on inventory.

4. The manager of the Service and Maintenance Department of a small manufacturing company wants to plan next year's anticipated expendituresWith planning out next years expenditures, the manager will be able to plan out the budget based on previous years, and be able to get ahead of wasted funds on certain inventory. With this information, the finance team will be able to keep a record of what is expected to happen, and be able to plan the future in a better fashion.

5. The owner of a local sandwich restaurant wants to estimate the impact of no longer being able to serve customers sitting down inside of the restaurant and only having a take-out sandwich business for the next year due to the COVID pandemic.

Figuring out this information, the owner will be able to see how much money they are potentially losing out on, and be able to plan better for the long run so the company does not go under. With this information, we are able to figure out future budgets, and possible increase of the price of goods to customers depending on the total loss, or possibility of a gain.