I would kindly request some help in my homework as per the attached - please include full explanation and references (if any)
Financial accounting provides information to enable stockholders, creditors, and other stakeholders to make informed decisions. This information can be used to evaluate and make decisions for an individual company or to compare two or more companies. On the other hand, and also known as managemrmr accoanmrg or cost accounting, managerial accounting provides information to managers and other users within the company in order to make more informed decisions. These types of information are critical for all types of businesses to make sound decisions in order to efciently and effectively run busmess operations on a daily basis. John's Delights company makes many different organic dairy products. John's managers need to track their costs for certain jobs. One of the company's topselling ice creams is their seasonal variety; a new avor is introduced every three months and sold for only a sixmonth period. The cost ofthese specialty ice creams is different from the cost ofthe standard avors for reasons such as the unique or expensive ingredients and the specialty packaging. John wants to compare the costs involved in making the specialty ice cream and those involved in making the standard avors of ice cream. This analysis will require that John track not only the cost of materials that go into the product, but also the labor hours and cost ofthe labor, phis other costs, known as overhead costs (rent, electricity, insurance, etc), that are incurred in producing the various ice creams. Once the total costs for both the specialty ice cream and the standard avored ice cream are known= the cost per unit can be determined for each type. Suppose you have been hired by John's Delights as a market analyst. Your rst assignment is to evaluate the sales of various standard and specialty ice creams within the Northeast region where Iohn's Delights operates. You also need to determine the bestselling avors ofice cream in other regions ofthe country as well as the selling patterns ofthe avors. Keep in mind that one ofthe strategic goals ofthe company istoincreasemarket share,andthe rststepinmeeting this goal is to sell their product in 10 percent more stores within their current market, so your research will help upperlevel management carry out the company's goals. irted 1. how do the subject matter of reports and the verication of reports differ between nancial accounting and managerial accounting