Solution manual for managerial accounting tools for business decision making 9th edition.pdf

SOLUTION MANUAL ik




Managerial Accounting Tools for Business Decision
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Making ik ik




9th Edition by Jerry J. Weygandt, Paul D. Kimmel
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Chapters 1 - 14, Complete
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,TABLE OF CONTENTS IK IK




Chapter 1: Managerial Accounting
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Chapter 2: Job Order Costing
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Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
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Chapter 3: Process Costing
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Chapter 3A: Process Costing: Non-Debit and Credit Approach
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Chapter 4: Activity-Based Costing
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Chapter 5: Cost-Volume-Profit
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Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
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Chapter 7: Incremental Analysis
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Chapter 8: Pricing
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Chapter 9: Budgetary Planning
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Chapter 10: Budgetary Control and Responsibility Accounting
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Chapter 11: Standard Costs and Balanced Scorecard
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Chapter 12: Planning for Capital Investments
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Chapter 13: Statement of Cash Flows
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,Chapter 14: Financial Analysis
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CHAPTER 1 ik




Managerial Accounting ik




Learning Objectives ik



1. Identify ikthe ikfeatures ikof ikmanagerial ikaccounting ikand ikthe ikfunctions ikof ikmanagement.

2. Describe ikthe ikclasses ikof ikmanufacturing ikcosts ikand ikthe ikdifferences ikbetween ikproduct
ik and ikperiodkci osts.

3. Demonstrate ikhow ikto ikcompute ikcost ikof ikgoods ikmanufactured ikand ikprepare ikfinancial
ik statements ikfor ikakm
i anufacturer.

4. Discuss iktrends ikin ikmanagerial ikaccounting.


ANSWERS TO QUESTIONS ik ik




1. (a) ikNot iktrue. ikManagerial ikaccounting ikis ika ikfield ikof ikaccounting ikthat ikprovides ikeconomic
ikand ikfinancial ikinformation ikfor ikmanagers ikand ikother ikinternal ikusers.


(b) Joe ikis ikincorrect. ikManagerial ikaccounting ikapplies ikto ikall iktypes ikof ikbusinesses—
service, ikmerchandising, ikand ikmanufacturing.
LO1 i k BT: ikC i k Difficulty: ikEasy ik TOT: ik3 ikmin. ik ikAACSB: ikNone i k AICPA ik FC: ik Measurement, ikAnalysis ikand ikInterpretation ikIMA:
ikCost ikManagement




2. (a) ikFinancial ikaccounting ikis ikconcerned ikprimarily ikwith ikexternal ikusers iksuch ikas
ikstockholders, ikcreditors, ikand ikregulators. ikIn ikcontrast, ikmanagerial ikaccounting ikis


ikconcerned ikprimarily ikwith ikinternal ikusers iksuch ikas ikofficers ikand ik managers.


(b) Financial ikstatements ikare ikthe ikend ikproduct ikof ikfinancial ikaccounting. ikThese
ikstatements ikare ikprepared ikquarterly ikand ikannually. ikIn ikmanagerial ikaccounting,


ikinternal ikreports i k may i k be ikprepared ik as ikfrequently ikas ikneeded.


(c) The ikpurpose ikof ikfinancial ikaccounting ikis ikto ikprovide ikgeneral-purpose ikinformation
ikfor ikexternal ikusers. ikThe ikpurpose ikof ikmanagerial ikaccounting ikis ikto ikprovide ikspecial-

, purpose ikinformation ikfor ikspecific ikinternal ikdecisions.
LO1 i k BT: ikC i k Difficulty: ikEasy ik TOT: ik5 ikmin. ik ikAACSB: ikNone i k AICPA ikFC: ik Measurement, ikAnalysis ikand ikInterpretation ikIMA:
ikCost ikManagement




3. Differences ikin ikthe ikcontent ikof ikthe ikreports ikare ikas ikfollows:

ik Financial ik Managerial
 Pertains i k to i k business i k as i k a i k whole  Pertains ikto ik subunits ikof ik the
and i k iskh
ik i ighly ikaggregated. business ikandkm
ik i ay ikbe ikvery ikdetailed.
 Limited ikto ikaccrual ikaccounting ikand ikcost  Extends beyond accrual
ikdata. accounting
 Generally ikaccepted ikaccounting ikprinciples. system ikto ikany ikrelevant ikdata.
Copyright ik© ik2021 ikJohn ikWiley ik& ikSons, ikInc. Weygandt, ikManagerial
Accounting, ik9e, ikSolutions ik Manual
ik (For ikInstructor ikUse ikOnly) 1-1