ACC 206 week 2 quiz 4 (All correct)

Question 1. 1. Managerial Accounting focuses on external financial reporting for investors, lenders, and other interested parties. (Points : 1)

Question 2. 2. Managerial Accounting roles include planning, directing, and controlling duties. (Points : 1)

Question 3. 3. Cost components would not include direct materials or direct labor since they are not part of operating overhead. (Points : 1)

Question 4. 4. Variable costs are costs that change in an unpredictable manner. (Points : 1)

Question 5. 5. Period costs generally relate to selling, general and administrative activities. (Points : 1)