Create a graphic organizer or infographic that helps explain accounting concepts useful in classifying costs.

Managerial Accounting & Cost Concepts

Managerial accounting deals with information that is for internal use. It helps managers to control costs, price, and make other relevant decisions. View the following YouTube video about managerial accounting:

• ACCT 205 Chapter 1 Managerial Accounting & Cost Concepts. (n.d.). Www.youtube.com. Retrieved July 19, 2022, from https://youtu.be/A9r8TuCvlKg

Then, create a graphic organizer or infographic that helps explain:

• The purpose of managerial accounting
• Accounting concepts useful in classifying costs
• Manufacturing activities and the flow of manufacturing costs