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I would kindly request some help in my homework as per the attached - please include full explanation and references (if any) Financial aocounting provides

I would kindly request some help in my homework as per the attached - please include full explanation and references (if any)

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Financial aocounting 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. 0n the other hand, and also known as management meaning or cost accownmg, 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 business operations on a daily basis. I ohn's Delights company makes many different organic dairy products. John's managers need to track their costs for oertain 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 Dost of these specialty ioe creams is different from the cost of the standard avors for reasons such as the unique or expensive ingredients and the specialty packaging. Iohn 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, plus other oosts, known as overhead oosts (rent, electricity, insurance, etc), that are incurred in producing the various ioe creams. Once the total oosts 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 John's Delights operates. You also need to determine the bestselling avors of ice cream in other regions of the country as well as the selling patterns ofthe avors. Keep in mind that one ofthe strategicgoals ofthe companyisto increasemarket share, andthe rststepinmeetingthis 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. nixed 1. llfimplemented= what information would John's Delights need to assess the success of the plan

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Financial and Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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