Which of the following statements refers to management accounting information? There are no regulations governing the reports. 7. a. The reports are generally delayed and historical. The audience tends to be stockholders, creditors, and tax authorities. It primarily measures and records business transactions. Management accounting information includes: tabulated results of customer satisfaction surveys the cost of producing a product the percentage of units produced that are defective All of these answers are correct. b. C. ed. 8. a. b. C. od. Cost accounting: provides information on the efficiency of factory labor provides information on the cost of servicing commercial customers 9. a. b. provides information on the performance of an operating division C. All of these answers are correct. d. Which of the following types of information are used in management accounting? financial information nonfinancial information information focused on the long term All of these answers are correct. 10. a. b. ad. Modern cost accounting plays a role in: planning new products 11. a. evaluating operational processes b. controlling costs All of these answers are correct. C. d. A data warehouse or infobarn: is reserved for exclusive use by the CFO is primarily used for financial reporting purposes 12. a. b. stores information used by different managers for multiple purposes gaiiners oniy onfinanciai infunmation Cost accounting provides all of the following EXCEPT: information for management accounting and financial accounting C. d. 13. a. pricing information from marketing studies b. financial information regarding the cost of acquiring resources C. nonfinancial information regarding the cost of operational efficiencies Management accounting includes: implementing strategies developing budgets preparing special studies and forecasts All of these answers are correct. 14. a. b. C. d. Financial accounting is concerned PRIMARILY with: external reporting to investors, creditors, and government authorities cost planning and cost controls profitability analysis d. 15. a. b. C. providing information for strategic and tactical decisions Page 3 o