Managerial Accounting

    Please answer each of the following questions in detail. Provide in-text citations and include
    examples. Use the book as reference too.
    1. Explain the difference between public accounting and managerial accounting. Provide a
    hypothetical example of an income statement for public reporting. Provide a hypothetical
    example of managerial accounting income statement in process costing format. Explain your
    examples in detail.
    2. Explain operating cost classifications in managerial accounting, namely, manufacturing vs.
    selling/admin, variable vs. fixed, direct vs. indirect, and variable overhead vs. fixed overhead.
    Include examples for all.
    3. Explain the predetermined variable overhead criterion and include an example.

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