Answer:
The correct answer is letter "B": Information is based on estimates and is bounded by relevance and timeliness.
Explanation:
Managerial Accounting is an in-house accounting that lets managers assess their decision impact. One common managerial accounting method is to calculate the profit margin on the goods produced. This information helps managers to set product prices and ensure that they make appropriate profit margins.
The information managerial accounting uses are estimates of the operations of the firm and only important current data is considered. Though, previous periods information may be required for reference.
