Question 7 Which of the following statements is not true about Managerial Accounting? A. The practice of management accounting is fairly flexible. B. The information gathered from management accounting is not required by law. C. Management accounting focuses mainly on the internal users. D. Reports produced using management accounting must follow promulgated Accounting Standards Ob Od The information gathered from management accounting is not required by law. The practice of management accounting is fairly flexible. Reports produced using management accounting must follow promulgated Accounting Standar Management accounting focuses mainly on the internal users. Question 8 BEP Units (Volume) can be reduced if A. Variable costs per unit is increased B. Total Selling Price is reduced C. Total fixed costs are increased D. Cannot say b Total fixed costs are increased Total Selling Price are reduced Variable costs per unit is increased Od Cannot say