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I need to know which of the following are financial or managerial accounting. problem 1-19B. I need to know which of the following are managerial
I need to know which of the following are financial or managerial accounting.
problem 1-19B. I need to know which of the following are managerial or finanical accoutning.
ANU JIJ U the cut barber cut his hair with great skill. All Vincent on his appearance. He added, "That will be $18; S3 for the shampoo and JIJ IU lhe dry." Vincent did not tip the barber. Required Identify the nonvalue-added activity described. How could the barber modify this nonvalues activity? SERIES B Problem 1-19B Characteristics of financial versus managerial accounting Required Use the following table to indicate whether the information is more representative of managerial versus financial accounting. The first item is shown as an example. Financial Accounting Managerial Accounting Information Item Cost per unit of individual products Profit margin of individual products Annual report filed with SEC Cash flow of the company as a whole Income statement prepared according to GAAP Balance sheet prepared according to market value estimates Estimated profit of a new product ready to be launched Footnote disclosures required by FASB Cost analysis provided to production manager Facility utilization report provided to company president Financial figures released to press Financial statements provided to creditors Report on employee turnover Cost of goods sold as reported according to GAAP Problem 1-20B Product versus selling, general, and administrative (SG&A) costs Zell Manufacturing Company was started on January 1, 2019, when it acquired $98.000 cash by issuing common stock. Zell immediately purchased office furniture and manufacturing equipment costing $28,000 and $58,000, respectively. The office furniture had a four-year useful life and a zero salvage value. The manufacturing equipment had a $4,000 salvage value and an expected use ful life of six years. The company paid $20,000 for salaries of administrative personnel and $27,000 for wages of production personnel. Finally, the company paid $39,000 for raw materials that were Vincent dry" Vincent did not tip the bar Required Identify the son alue-added activity described. How could the barther modify this nonvale PROBLEMS-SERIES B Problem 1-19 Characteristics of financial versus managerial accounting LO 1-1 Required Use the following table to indicate whether the information is more representative of managerial versus financial accounting. The first item is shown as an example Financial Accounting Manager Accounting Information Item Cost per unit of individual products Profit margin of individual products Annual report filed with SEC Cash flow of the company as a whole Income statement prepared according to GAAP Balance sheet prepared according to market value estimates Estimated profit of a new product ready to be launched Footnote disclosures required by FASB Cost analysis provided to production manager Facility utilization report provided to company president Financial figures released to press Financial statements provided to creditors Report on employee turnover Cost of goods sold as reported according to GAAP LO 1-2, 1-3 Problem 1-20B Product versus selling, general, and administrative (SG&A) costs Zell Manufacturing Company was started on January 1, 2019, when it acquired $98,000 cas issuing common stock. Zell immediately purchased office furniture and manufacturing equip costing $28,000 and $58,000, respectively. The office furniture had a four-year useful life zero salvage value. The manufacturing equipment had a $4.000 salvage value and an expected ful life of six years. The company paid $20,000 for salaries of administrative personnel and $2 for wages of production personnel. Finally, the company paid $39,000 for raw materials that Step by Step Solution
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