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Managerial Accounting Review In 5 sentence paragraph each: Why does managerial accounting not need to follow GAAP? 3. Explain which changes in activity affect contribution

Managerial Accounting Review

In 5 sentence paragraph each:

Why does managerial accounting not need to follow GAAP?

3. Explain which changes in activity affect contribution margin and operating income.

4. How can a cost-volume-profit analysis help managers?

5. Discuss the flow of direct labour cost through the 3 levels of inventory to cost of goods sold

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