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.

Explanation:

• Option A: Managerial accounting is for internal (not external) users like managers, so A is wrong.
• Option B: Managerial accounting focuses on cost - related info for planning (e.g., budgeting) and control (e.g., variance analysis) decisions, which matches its purpose.
• Option C: Managers have other accounting/non - accounting info too, so C is wrong.
• Option D: It's used for both planning and control, so D is wrong.
• Option E: Controlling costs is a key part of managerial accounting (e.g., cost control measures), so E is wrong.

Answer:

B. Involves gathering information about costs for planning and control decisions.