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Managerial Accounting What is the difference between

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Managerial Accounting What is the difference between Question 1 What is the difference between financial accounting and managerial accounting? Question 2 Explain the two reasons why the shorter the payback period the more attractive the investment is when the payback technique is used? Question 3 Distinguish between a master budget and a sales forecast. Question 4 Explain the nature and importance of a job cost sheet. Question 5 Distinguish among operating, investing, and financing activities. Question 6 Managers’ activities and responsibilities can be classified into three broad functions. List and discuss each function. Question 7 Identify and discuss the relevant costs in accepting an order at a special price. Question 8 Smith & Company claims that the relevant range concept is only important for variable costs. Explain the relevant range concept and discuss whether you agree with Smith & Company. Question 9 What is a CVP analysis and how is it used in managerial accounting? Question 10 What is the difference between: unit-level, batch-level, product-level, and facility-level activities?

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