Volume2PrinciplesofAccounting,Volume2:ManagerialAccountingSENIORCONTRIBUTINGAUTHORSMITCHELLFRANKLIN,LEMOYNECOLLEGE(FINANCIALACCOUNTING)PATTYGRAYBEAL,UNIVERSITYOFMICHIGAN-DEARBORN(MANAGERIALACCOUNTING)DIXONCOOPER,OUACHITABAPTISTUNIVERSITYOpenStaxRiceUniversity6100MainStreetMS-375Houston,Texas77005TolearnmoreaboutOpenStax,visithttps://openstax.org.Individualprintcopiesandbulkorderscanbepurchasedthroughourwebsite.©2019RiceUniversity.TextbookcontentproducedbyOpenStaxislicensedunderaCreativeCommonsAttributionNon-CommercialShareAlike4.0InternationalLicense(CCBY-NC-SA4.0).Underthislicense,anyuserofthistextbookorthetextbookcontentshereincanshare,remix,andbuilduponthecontentfornoncommercialpurposesonly.Anyadaptationsmustbesharedunderthesametypeoflicense.Inanycaseofsharingtheoriginaloradaptedmaterial,whetherinwholeorinpart,theusermustprovideproperattributionasfollows:-Ifyounoncommerciallyredistributethistextbookinadigitalformat(includingbutnotlimitedtoPDFandHTML),thenyoumustretainoneverypagethefollowingattribution:“Downloadforfreeathttps://openstax.org/details/books/principles-managerial-accounting.”-Ifyounoncommerciallyredistributethistextbookinaprintformat,thenyoumustincludeoneveryphysicalpagethefollowingattribution:“Downloadforfreeathttps://openstax.org/details/books/principles-managerial-accounting.”-Ifyounoncommerciallyredistributepartofthistextbook,thenyoumustretainineverydigitalformatpageview(includingbutnotlimitedtoPDFandHTML)andoneveryphysicalprintedpagethefollowingattribution:“Downloadforfreeathttps://openstax.org/details/books/principles-managerial-accounting.”-Ifyouusethistextbookasabibliographicreference,pleaseincludehttps://openstax.org/details/books/principles-managerial-accountinginyourcitation.Forquestionsregardingthislicensing,pleasecontactsupport@openstax.org.TrademarksTheOpenStaxname,OpenStaxlogo,OpenStaxbookcovers,OpenStaxCNXname,OpenStaxCNXlogo,OpenStaxTutorname,OpenstaxTutorlogo,Connexionsname,Connexionslogo,RiceUniversityname,andRiceUniversit...