Question

"Perception"

You have been immersed in the world of managerial accounting(i.e., cost accounting) for seven (7) weeks. At this point in thecourse, what is your assessment of cost/managerial accounting froma provider perspective?

Now imagine that you are the user, not the provider. Explainwhether or not your assessments have changed, and explain why orwhy not. As a user, describe how you would use two (2) of thevariances calculated to make better management decisions.