1) You are asked to prepare a Reflection Paper. After you have finished the reading assignment for each unit, reflect on one of the major concepts discussed in the reading, and write about that concept. How does that concept relate to the subject of managerial accounting? How has that concept affected managerial accounting in the past? How will the concept affect managerial accounting in the future? Will this concept affect you in your career? Why, or why not?Concepts to choose from:Variable costing and the theory of constraints CVP Analysis and absorption costing.The purpose of this assignment is to provide you with an opportunity to reflect on the material that you have read and to expand on your reading. The writing that you submit must meet the following requirements:be at least one page in length;include your thoughts about the major concept that you select;explain how the concepts impact managerial accounting; and explain how the concept applies to your career.Format your Reflection Paper using APA style. Use your own words, and include proper citations and references as needed.
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