Managerial accounting provides useful information to managers on product costs.

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing internal financial information to managers to help them make informed decisions about costs, pricing, and resource allocation. This includes detailed information on product costs, such as direct materials, direct labor, and overhead costs, which can be used to improve profitability and efficiency.

Managerial Accounting Provides Useful Information to Managers on Product Costs