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

SOLUTION MANUAL v




Managerial Accounting Tools forBusiness Decision
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9thEdition byJerryJ.Weygandt, PaulD.Kimmel
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Chapters 1-14,Complete
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,TABLEOFCONTENTS V V




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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CHAPTER1 v




ManagerialAccounting v




LearningObjectives v




1. Identifythe featuresof managerialaccounting and the functionsof management.
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2. Describe the classes of manufacturing costs and the differences between product and
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v periodcosts. v




3. Demonstrate how to compute cost of goods manufactured and prepare financial statementsv v v v v v v v v v v




v for amanufacturer.
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4. Discuss trendsin managerial accounting. v v v v




ANSWERSTOQUESTIONS v v




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and
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financial information for managers and other internal users.
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(b) Joe is incorrect. Managerial accounting applies to all types of businesses—service,
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merchandising, and manufacturing.
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LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Management
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2. (a) Financial accounting is concerned primarily with external users such as stockholders,
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creditors, and regulators. In contrast, managerial accounting is concerned primarily with
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internal users such as officers and managers.
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(b) Financial statements are the end product of financial accounting. These statements are v v v v v v v v v v v




prepared quarterly and annually. In managerial accounting, internal reports may be
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prepared asfrequently as needed.
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(c) The purpose of financial accounting is to provide general-purpose information for
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external users. The purpose of managerial accounting is to provide special-purpose
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, v information for specific internal decisions. v v v v




LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Management
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3. Differences in the content of the reports are asfollows:
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v Financial v Managerial
 Pertains to business as a whole and v v v v v v  Pertains to subunits of the business v v v v v




v ishighly aggregated.
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 Limited to accrual accounting and cost data.
v v v v v v  Extends beyond accrual
 Generallyacceptedaccountingprinciples. v v v accounting
system to anyrelevant data.
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Copyright © 2021 John Wiley & Sons, Inc. Weygandt, Managerial Accounting, 9e, Solutions Manual
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