Horngren’s Accounting,13th Edition SOLUTION MANUAL by Tracie Miller-Nobles & Brenda Mattison

SOLUTION MANUAL
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Horngren's Accounting, 13th Edition Managerial
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by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1-9
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,THE MANAGERIAL CHAPTERS
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1. Introduction to Managerial Accounting
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2. Job Order Costing
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3. Process CostingA




4. Cost-Volume-Profit Analysis A




5. Master Budgets
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6. Flexible Budgets and Standard Cost Systems
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7. Cost Allocation and Responsibility Accounting
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8. Short-Term Business Decisions
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9. Capital Investment Decisions
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,Chapter 1 A


Introduction to Managerial Accounting
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Review Questions
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1. TheAprimaryApurposeAofAmanagerialAaccountingAisAtoAprovideAinformationAtoAhelpAmanagersApla
n,Adirect,Acontrol,AandAmakeAdecisions.

2. FinancialAaccountingAandAmanagerialAaccountingAdifferAonAtheAfollowingA6Adimensions:A(1)AprimaryA
users,A(2)ApurposeAofAinformation,A(3)AfocusAandAtimeAdimensionAofAtheAinformation,A(4)ArulesAandA
restrictions,A(5)AscopeAofAinformation,AandA(6)Abehavioral.

3. LineApositionsAareAdirectlyAinvolvedAinAprovidingAgoodsAorAservicesAtoAcustomers.AStaffAposition
sAsupportAlineApositions.

4. PlanningAmeansAchoosingAgoalsAandAdecidingAhowAtoAachieveAthem.ADirectingAinvolvesArunningAtheA
day-to-
dayAoperationsAofAaAbusiness.AControllingAisAtheAprocessAofAmonitoringAoperationsAandAkeepingAtheAc
ompanyAonAtrack.

5. TheAfourAIMAAstandardsAofAethicalApracticeAandAaAdescriptionAofAeachAfollow.
I. Competence.
MaintainAanAappropriateAlevelAofAprofessionalAleadershipAandAexpertiseAbyAenhanci
ngAknowledgeAandAskills.
PerformAprofessionalAdutiesAinAaccordanceAwithArelevantAlaws,Aregulations,AandAtechnic
alAstandards.
ProvideAdecisionAsupportAinformationAandArecommendationsAthatAareAaccurate,Aclear,Aconci
se,AandAtimely.
RecogniseAandAhelpAmangeArisk.
II. Confidentiality.
KeepAinformationAconfidentialAexceptAwhenAdisclosureAisAauthorizedAorAlegallyArequired.
InformAallArelevantApartiesAregardingAappropriateAuseAofAconfidentialAinformation.A MonitorA
toAensureAcompliance.
RefrainAfromAusingAconfidentialAinformationAforAunethicalAorAillegalAadvantage.
III. Integrity.
MitigateAactualAconflictsAofAinterest.ARegularlyAcommunicateAwithAbusinessAassociatesAtoAavoi
dAapparentAconflictsAofAinterest.AAAdviseAallApartiesAofAanyApotentialAconflicts.
RefrainAfromAengagingAinAanyAconductAthatAwouldAprejudiceAcarryingAoutAdutiesAethically.

, AbstainAfromAengagingAinAorAsupportingAanyAactivityAthatAmightAdiscreditAtheAprofession.
ContributeAtoAaApositiveAethicalAcultureAandAplaceAintegrityAofAtheAprofessionAaboveAperso
nalAinterest.
5,Acont.
IV. Credibility.
CommunicateAinformationAfairlyAandAobjectively.
ProvideAallArelevantAinformationAthatAcouldAreasonablyAbeAexpectedAtoAinfluenceAanAintend
edAuser’sAunderstandingAofAtheAreports,Aanalyses,AorArecommendations.
ReportAanyAdelaysAorAdeficienciesAinAinformation,Atimeliness,Aprocessing,AorAinternalAcontro
lsAinAconformanceAwithAorganizationApolicyAand/orAapplicableAlaw.
CommunicateAanyAprofessionalAlimitationsAorAotherAconstraintsAthatAwouldAprecludeArespon
si-AbleAjudgmentAorAsuccessfulAperformanceAofAanAactivity.

6. ServiceAcompaniesAsellAtime,Askills,AandAknowledge.A ExamplesAofAserviceAcompaniesAincludeAphon
eAserviceAcompanies,Abanks,AcleaningAserviceAcompanies,AaccountingAfirms,AlawAfirms,AmedicalAphy
sicians,AandAonlineAauctionAservices.

7. MerchandisingAcompaniesAresellAproductsAtheyAbuyAfromAsuppliers.AMerchandisersAkeepAanAinvento
ryAofAproducts,AandAmanagersAareAaccountableAforAtheApurchasing,Astorage,AandAsaleAofAtheAproducts.
AExamplesAofAmerchandisingAcompaniesAincludeAtoyAstores,AgroceryAstores,AandAclothingAstores.




8. MerchandisingAcompaniesAresellAproductsAtheyApreviouslyAboughtAfromAsuppliers,AwhereasAmanufa
cturingAcompaniesAuseAlabor,Aequipment,Asupplies,AandAfacilitiesAtoAconvertArawAmaterialsAintoAnewA
finishedAproducts.AInAcontrastAtoAmerchandisingAcompanies,AmanufacturingAcompaniesAhaveAaAbroa
dArangeAofAproductionAactivitiesAthatArequireAtrackingAcostsAonAthreeAkindsAofAinventory.

9. TheAthreeAinventoryAaccountsAusedAbyAmanufacturingAcompaniesAareARawAMaterialsAInventory,AWor
k-Ain-ProcessAInventory,AandAFinishedAGoodsAInventory.

RawAMaterialsAInventoryAincludesAmaterialsAusedAtoAmanufactureAaAproduct.AWork-in-
ProcessAInventoryAincludesAgoodsAthatAhaveAbeenAstartedAinAtheAmanufacturingAprocessAbutAareAnotA
yetAcomplete.A FinishedAGoodsAInventoryAincludesAcompletedAgoodsAthatAhaveAnotAyetAbeenAsold.

10. AAdirectAcostAisAaAcostAthatAcanAbeAeasilyAandAcost-
effectivelyAtracedAtoAaAcostAobjectA(whichAisAanythingAforAwhichAmanagersAwantAaAseparateAmeasu
rementAofAcost).AAnAindirectAcostAisAaAcostAthatAcannotAbeAeasilyAorAcost-
effectivelyAtracedAtoAaAcostAobject.

11. TheAthreeAmanufacturingAcostsAforAaAmanufacturingAcompanyAareAdirectAmaterials,AdirectAlabor,Aan
dAmanufacturingAoverhead.ADirectAmaterialsAareAmaterialsAthatAbecomeAaAphysicalApartAofAaAfinishe
dAproductAandAwhoseAcostsAareAeasilyAtraceableAtoAtheAfinishedAproduct.A DirectAlaborAisAtheAlaborAc