Economics · Management Accounting
Match the following internal management functions (A, B, C, D) with their correct management accounting reports: A. Estimate total income and costs for the coming year to identify opportunities/threats. B. Compare expected results to actual results at the end of the year to identify improvements. C. Calculate the cost per unit for products to help decide on pricing strategies. D. Estimate the level of overdraft needed each month for the coming year. Reports: (i) Cash budget, (ii) Variance report, (iii) Standard cost card, (iv) Profit and loss budget
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i)-D, (ii)-B, (iii)-C, (iv)-A✓
- 2(i)-A, (ii)-B, (iii)-C, (iv)-D
- 3(i)-B, (ii)-C, (iii)-D, (iv)-A
- 4(i)-A, (ii)-C, (iii)-B, (iv)-D
Correct answer
(i)-D, (ii)-B, (iii)-C, (iv)-A
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