QUESTION 34 Which of the following is not a characteristic of managerial accounting? Focusing only on historical cost information. Emphasizing the relevance of information. Focusing on operating segments of a company Providing information to internal users. QUESTION 35 Consider the following income statement for two products sold by Hardware Wholesalers: Sinks Vanities Total Sales $200,000 $100,000 $300,000 Variable expenses 100.000 60.000 160.000 Contribution margin $100,000 $ 40,000 $140,000 Fixed expenses S 80.000 Net operating income $ 60,000 The overall contribution margin percentage for Hardware Wholesalers is 40.00% 45.00% 46.67% 50.00%