Solutions Manual for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton, Verified Chapters 1 - 17, Complete Newest Version

Solutions Manual
Managerial Accounting: Creating Value in a Dynamic
Business Environment, 13th Edition by Hilton
Chapters 1 - 17 Complete

,TABLE OF CONTENTS
P P




ChapterP1:PThePChangingPRolePofPManagerialPAccountingPinPaPDynamicPBusinessPE

nvironmentPChapterP2:PBasicPCostPManagementPConcepts

ChapterP3:PProductPCostingPandPCostPAccumulationPinPaPBatchPProductionPEnviron

mentPChapterP4:PProcessPCostingPandPHybridPProduct-CostingPSystems

ChapterP5:PActivity-BasedPCostingPandPManagement

ChapterP6:PActivityPAnalysis,PCostPBehavior,PandPCostPEs

timationPChapterP7:PCost-Volume-ProfitPAnalysis

ChapterP8:PVariablePCostingPandPthePMeasurementPofPESGPandPQualityP

CostsPChapterP9:PFinancialPPlanningPandPAnalysis:PThePMasterPBudget

ChapterP10:PStandardPCostingPandPAnalysisPofPDirectPCosts

ChapterP11:PFlexiblePBudgetingPandPthePManagementPofPOverheadPandPSupportPAct

ivityPCostsPChapterP12:PResponsibilityPAccountingPandPthePBalancedPScorecard

ChapterP13:PInvestmentPCentersPandPTransferPPricing

ChapterP14:PDecisionPMaking:PRelevantPCostsPandPBe
P



nefits

ChapterP15:PTargetPCostingPandPCostPAnalysisPforPPricingPD

ecisionsPChapterP16:PCapitalPExpenditurePDecisions

ChapterP17:PAllocationPofPSupportPActivityPCostsPandPJointPCosts




AppendixPI:PThePSarbanes-

OxleyPAct,PInternalPControls,PandPManagementPAccountingPAppendixPII:PCompound

InterestPandPthePConceptPofPPresentPValue
P



AppendixPIII:PInventoryPManagement

,CHAPTER 1 P


The Crucial Role of Managerial Accounting in
P P P P P P P


a Dynamic Business Environment
P P P




FOCUSPONPETHICSP(LocatedPbeforePthePChapterPSummaryPinPthePtext.)
ThePfocus-on-
ethicsPinsetPforPChapterP1PisPthePIMAPStatementPofPEthicalPProfessionalPPractice.PInstructors
PcanPusePthisPlistPofPethicalP principlesP andPstandardsPtoPleadPaPclassPdiscussion.PTheP di

scussionPcanPalsoPrangePtoPconsiderationPofPhowPthesePstandardsPmayPhavePbeenPv
iolatedPbyPaccountantsPandPmanagersPinvolvedPinPthePvariousP ethicalPscandalsPuncover
edPoverPthePpastPseveralPyears.PItPisPalsoPusefulPtoPdiscussPthePprosPandPconsPofPthePproc
eduresPthatPIMAPsuggestsPforPitsPmembersPwhenPtheyPbelievePtheyPknowPaboutPethicalPl
apsesPinPtheirPorganizations.

ANSWERSPTOPREVIEWPQUESTIONS
1-1 ThePexplosionP inP e-
commerceP willP affectP managersPinP significantP ways.P OneP effectP willPbePaPdrasticPr
eductionPinPpaperP work.P MillionsPofP transactionsPbetweenP businessesP arePnowPbei
ngPconductedPelectronicallyPwithPnoPhard-
copyPdocumentation.PAlongPwithPthisPmethodPofPcommunicatingPforPbusinessPt
ransactionsPcomesPthePveryPsignificantPissuePofPinformationPsecurity.PBusinesses
PneedPtoPfindPwaysPtoPprotectPconfidential Pinformation PinPtheirPownPcomputer

s,PinPcloudPcomputingPdataPcenters,PandPwhilePmovingP acrossP theP internet,P w
hileP atPtheP sameP timeP sharingP theP informationP necessaryPtoPcompletePtransaction
s.PAnotherPeffectPofPe-
commercePisP theP dramaticallyP increasedPspeedPwithPwhichPbusinessPtransactionsP
canPbePconducted.PInPaddition,PtherePwillPbePdramaticPchangesPinPthePwayPmana
gerialPaccountingPproceduresParePcarriedPout,PonePexamplePbeingPcloud-
basedPbudgeting,PwhichPisPthePenterprise-
widePandPelectronicPcompletionPofPaPcompany’sPbudgetingPprocessPusingPcloud-
basedPsoftwarePandPdataPstorage.

, 1-2 PlausibleP goalsP forP theP organizationsP listedP areP asP follows:
(a) Amazon.com:P(1)PToPachievePandPmaintainPprofitability,PandP(2)PtoPgrow
Pon-

linePsalesPofPtheirPmanyPproducts.PAmazonPisPalsoPfamousP(infamous)PforPwa
ntingPtoPhavePeveryP productPinPthePworldPonPitsPsite.
(b) AmericanPRedPCross:P(1)PToPraisePfundsPfromPthePgeneralPpublicPsufficientPto
PhavePresourcesPavailablePtoP meetPanyPdisasterPthatPmayPoccur,PandP(2)Pt

oPprovidePassistancePtoPpeoplePwhoParePvictimsPofPaPdisasterPanywherePinPthePwo
rldPonPshortPnotice.
(c) GeneralPMotors:P(1)PToPearnPincomePsufficientPtoPprovidePaPgoodPreturnP
onPthePinvestmentPofPthePcompany'sPstockholders,PandP(2)PtoPprovidePthePhig
hest-qualityPproductPpossible.
(d) Wal-
Mart:P(1)PToPpenetratePthePretailPmarketPinP virtuallyPeveryPlocationPinPthePUnitedP
States,PandP(2)PtoPgrowPoverPtimePinPtermsP ofPnumberPofPretailPlocations,P totalP a
ssets,PandP earnings.P Also,P toP bePcompetitiveP withP AmazonPinPthePe-
retailP space.
(e) CityPofPSeattle:P(1)PToPmaintainPanPurbanPenvironmentPasPfreePofPpolluti
onPasPpossible,PandP(2)PtoPprovidePpublicPsafety,Ppolice,PandPfirePprotectionPt
oPthePcity'sPcitizens.
(f) Hertz:P(1)PToPbePaPrecognizablePhouseholdPnamePassociatedPwithPrentalP
carPservices,PandP(2)PtoPprovidePreliablePandPeconomicalPtransportationPservicesPt
oPthePcompany'sPcustomers.
1-3 TheP fourP basicP managementP activitiesP areP listedP andP definedP asP follows:
(a) DecisionP making:P ChoosingP amongP theP availableP alternatives.
(b) Planning:P DevelopingP aP detailedP financialP andP operationalP descrip
tionP ofPanticipatedPoperations.
(c) DirectingP operations:P RunningP theP organizationP onP aP day-to-dayP basis.
(d) Controlling:P EnsuringP thatP theP organizationP operatesP inP theP intendedP man
nerP andPachievesPitsPgoals.