Which of the following are true of Managerial Accounting? (Choose all answers that are true) It focuses on objectivity an verifiability. It focuses on the future (rather than the past). It is bound by GAAP/IFRS \& their prescribed format. It focuses on relevance. A company based out of Florida stores it's information systems onsite. During the hurricane season, the company realizes it should probably start storing its information offsite. Which of the following Business Management Perspectives would the company use when deciding to store the information offsite? Enterprise Risk Management Perspective Strategic Management Perspective Process Management Perspective Corporate Social Responsibility Perspective Just in Time Production uses which Business Management Perspective? Process Management Perspective Corporate Social Responsibility Perspective Strategic Management Perspective Enterprise Risk Management Perspective Which of the following is true of a Contribution Format Income Statement? (Choose all answers that are true) It is used primarily for external reporting. It is used for Financial Accounting purposes (because it conforms to GAAP). It is primarily used by management. It separates variable expenses from fixed expenses. It is used to calculate contribution margin. It is used to calculate gross margin. Which of the following costs would be variable with respect to the number of ice cream cones sold at a Braums? (There may be more than one correct answer.) The cost of lighting the store. The wages of the store manager. The cost of ice cream. The cost of napkins for customers