Q1: Managerial accounting information is generally prepared for A) regulatory agencies B) managers C) investors D) stockholders Q2: The major reporting standard for management accounting is A) generally accepted accounting principles B) relevance to decisions C) the Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management D) the Sarbanes-Oxley Act of 2002 Q3: Which one of the following is classified as direct labour? A) wages of factory janitors B) bottlers of cola in a bottling company C) flour in a bakery D) copy machine costs at a copy shop