Expert answer:Answer the four managerial accounting questions

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Solved by verified expert:In chapter 3, you are introduced to the basic concepts of managerial accounting. The mindset of a managerial accountant is completely different from that of a financial accountant.List three of the significant differences between financial accounting and managerial accounting.In what ways is a merchandising company different than a manufacturing company? Be sure to provide examples to demonstrate your understanding of the differences.How does a company go about calculating Cost of Goods Manufactured?Compute the unit product cost based on the following information: Units produced 10,000 Units sold 8,000 Beginning RM $12,000 and Ending RM $8,000 Beginning WIP $0 and Ending WIP $3,500 Beginning FG $0 and Ending FG $2,000 Purchases $22,000 Direct Labor $10,000 Rent on plant $4,000Rent on office $2,000 Be sure to show your work for question #4

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