Question

Managerial accounting information: Multiple Choice Is used mainly by external users. Involves gathering information about costs for planning and control decisions. Is generally the only accounting information available to managers. Can be used for control purposes but not for planning purposes. Has little to do with controlling costs.

Answer 1

Involves gathering information about costs for planning and control decisions.

Step-by-step explanation:

Managerial accounting is also cost called cost accounting. It is used by managers to efficiently manage a business enterprise by identifying, measuring, analysis, and interpretation of accounting information mainly for internal use.

External bodies do not use managerial accounting information.

Therefore the information gained is used by managers mainly to make planning and control decisions within the business.