SOLUTION MANUAL Managerial Accounting Tools for Business Decision Making 9th Edition by Jerry J. Weygandt, Paul D. Kimmel All Chapters 1-14, Complete

Managerial Accounting Tools for Business Decision Making
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SOLUTION MANUAL x




Managerial Accounting Tools for Business Decision Making
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9th Edition by Jerry J. Weygandt, Paul D. Kimmel
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Chapters 1 - 14, Complete
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,TABLE OF CONTENTS X X




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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, Managerial Accounting Tools for Business Decision Making
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CHAPTER 1 x




Managerial Accounting x




Learning Objectives
x



1. Identify xthe xfeatures xof xmanagerial xaccounting xand xthe xfunctions xof xmanagement.

2. Describe xthe xclasses xof xmanufacturing xcosts xand xthe xdifferences xbetween xproduct xand
periodxcosts.
x




3. Demonstrate xhow xto xcompute xcost xof xgoods xmanufactured xand xprepare xfinancial xstatements
for xaxmanufacturer.
x




4. Discuss xtrends xin xmanagerial xaccounting.


ANSWERS TO QUESTIONS x x




1. (a) xNot xtrue. xManagerial xaccounting xis xa xfield xof xaccounting xthat xprovides xeconomic xand
xfinancial xinformation xfor xmanagers x and xother xinternal xusers.


(b) Joe xis xincorrect. xManagerial xaccounting xapplies xto xall xtypes xof xbusinesses—service,
xmerchandising, xand x manufacturing.

LO1 x BT: xC x Difficulty: xEasy x TOT: x3 xmin. x xAACSB: xNone x AICPA x FC: xMeasurement, xAnalysis xand xInterpretation xIMA: xCost
xManagement



2. (a) xFinancial xaccounting xis xconcerned xprimarily xwith xexternal xusers xsuch xas xstockholders,
xcreditors, xand xregulators. xIn xcontrast, xmanagerial xaccounting xis xconcerned xprimarily xwith


xinternal xusers xsuch xas xofficers xand x managers.


(b) Financial xstatements xare xthe xend xproduct xof xfinancial xaccounting. xThese xstatements xare
xprepared xquarterly xand xannually. xIn xmanagerial xaccounting, xinternal xreports x may x be


xprepared x as xfrequently x as xneeded.


(c) The xpurpose xof xfinancial xaccounting xis xto xprovide xgeneral-purpose xinformation xfor
xexternal xusers. xThe xpurpose xof xmanagerial xaccounting xis xto xprovide xspecial-purpose


xinformation xfor xspecific x internal xdecisions.

LO1 x BT: xC x Difficulty: xEasy x TOT: x5 xmin. x xAACSB: xNone x AICPA xFC: xMeasurement, xAnalysis xand xInterpretation xIMA: xCost
xManagement



3. Differences xin xthe xcontent xof xthe xreports xare xas xfollows:
x Financial x Managerial

, • Pertains x to x business x as x a x whole x and • Pertains xto xsubunits xof xthe xbusiness
isxhighly xaggregated.
x andxmay xbe xvery xdetailed.
x

• Limited xto xaccrual xaccounting xand xcost xdata. • Extends beyond accrual accounting
• Generally xaccepted xaccounting xprinciples. system xto xany xrelevant xdata.

Copyright x© x2021 xJohn xWiley x& xSons, xInc. Weygandt, xManagerial xAccounting,
x9e, xSolutions xManual (For xInstructor xUse xOnly) 1-1