,TABLE OF CONTENTS B B
Chapter 1: Managerial Accounting
b b b
Chapter 2: Job Order Costing
b b b b
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
b b b b b b b b
Chapter 3: Process Costing
b b b
Chapter 3A: Process Costing: Non-Debit and Credit Approach
b b b b b b b
Chapter 4: Activity-Based Costing
b b b
Chapter 5: Cost-Volume-Profit
b b
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
b b b b b
Chapter 7: Incremental Analysis
b b b
Chapter 8: Pricing
b b
Chapter 9: Budgetary Planning
b b b
Chapter 10: Budgetary Control and Responsibility Accounting
b b b b b b
Chapter 11: Standard Costs and Balanced Scorecard
b b b b b b
Chapter 12: Planning for Capital Investments
b b b b b
Chapter 13: Statement of Cash Flows
b b b b b
,Chapter 14: Financial Analysis
b b b
CHAPTER 1 b
Managerial Accounting b
Learning Objectives
b
1. Identifybthebfeaturesbofbmanagerialbaccountingbandbthebfunctionsbofbmanagement.
2. Describebthebclassesbofbmanufacturingbcostsbandbthebdifferencesbbetweenbproductban
dbperiodbcosts.
3. Demonstratebhowbtobcomputebcostbofbgoodsbmanufacturedbandbpreparebfinancialbstatem
entsbforbabmanufacturer.
4. Discussbtrendsbinbmanagerialbaccounting.
ANSWERS TO QUESTIONS b b
1. (a)bNotbtrue.bManagerialbaccountingbisbabfieldbofbaccountingbthatbprovidesbeconomicbandbf
inancialbinformationbforbmanagersbandbotherbinternalbusers.
(b) Joebisbincorrect.bManagerialbaccountingbappliesbtoballbtypesbofbbusinesses—
service,bmerchandising,bandbmanufacturing.
LO1b BT:bCb Difficulty:bEasyb TOT:b3bmin.bbAACSB:bNoneb AICPAb FC:b Measurement,bAnalysisb andbInterpretationbIMA:bCostbMana
gement
2. (a)bFinancialbaccountingbisbconcernedbprimarilybwithbexternalbusersbsuchbasbstockholders,bc
reditors,bandbregulators.bInbcontrast,bmanagerialbaccountingbisbconcernedbprimarilybwi
thbinternalbusersbsuchbasbofficersbandbmanagers.
(b) Financialbstatementsbarebthebendbproductbofbfinancialbaccounting.bThesebstatementsba
rebpreparedbquarterlybandbannually.bInbmanagerialbaccounting,binternalbreportsb mayb
bebpreparedbasbfrequentlybasbneeded.
(c) Thebpurposebofbfinancialbaccountingbisbtobprovidebgeneral-
purposebinformationbforbexternalbusers.bThebpurposebofbmanagerialbaccountingbisbtob
, providebspecial-purposebinformationbforbspecificbinternalbdecisions.
LO1b BT:bCb Difficulty:bEasyb TOT:b5bmin.bbAACSB:bNoneb AICPAbFC:b Measurement,bAnalysisbandbInterpretationbIMA:bCostbMana
gement
3. Differencesbinbthebcontentbofbthebreportsbarebasbfollows:
b Financial b Managerial
Pertainsb tob businessb asb ab wholeb andb isbh Pertainsbtobsubunitsbofbthebbusinessb
ighlybaggregated. andbmaybbebverybdetailed.
Limitedbtobaccrualbaccountingbandbcostbdat Extends beyond accrual
a. accounting
Generallybacceptedbaccountingbprinciples. systembtobanybrelevantbdata.
Copyrightb©b2021bJohnbWileyb&bSons,bInc.
Weygandt,bManagerialbAccounting,b9e,bSolutionsb Manual (ForbInstructorbUsebOnly)
1-1
Chapter 1: Managerial Accounting
b b b
Chapter 2: Job Order Costing
b b b b
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
b b b b b b b b
Chapter 3: Process Costing
b b b
Chapter 3A: Process Costing: Non-Debit and Credit Approach
b b b b b b b
Chapter 4: Activity-Based Costing
b b b
Chapter 5: Cost-Volume-Profit
b b
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
b b b b b
Chapter 7: Incremental Analysis
b b b
Chapter 8: Pricing
b b
Chapter 9: Budgetary Planning
b b b
Chapter 10: Budgetary Control and Responsibility Accounting
b b b b b b
Chapter 11: Standard Costs and Balanced Scorecard
b b b b b b
Chapter 12: Planning for Capital Investments
b b b b b
Chapter 13: Statement of Cash Flows
b b b b b
,Chapter 14: Financial Analysis
b b b
CHAPTER 1 b
Managerial Accounting b
Learning Objectives
b
1. Identifybthebfeaturesbofbmanagerialbaccountingbandbthebfunctionsbofbmanagement.
2. Describebthebclassesbofbmanufacturingbcostsbandbthebdifferencesbbetweenbproductban
dbperiodbcosts.
3. Demonstratebhowbtobcomputebcostbofbgoodsbmanufacturedbandbpreparebfinancialbstatem
entsbforbabmanufacturer.
4. Discussbtrendsbinbmanagerialbaccounting.
ANSWERS TO QUESTIONS b b
1. (a)bNotbtrue.bManagerialbaccountingbisbabfieldbofbaccountingbthatbprovidesbeconomicbandbf
inancialbinformationbforbmanagersbandbotherbinternalbusers.
(b) Joebisbincorrect.bManagerialbaccountingbappliesbtoballbtypesbofbbusinesses—
service,bmerchandising,bandbmanufacturing.
LO1b BT:bCb Difficulty:bEasyb TOT:b3bmin.bbAACSB:bNoneb AICPAb FC:b Measurement,bAnalysisb andbInterpretationbIMA:bCostbMana
gement
2. (a)bFinancialbaccountingbisbconcernedbprimarilybwithbexternalbusersbsuchbasbstockholders,bc
reditors,bandbregulators.bInbcontrast,bmanagerialbaccountingbisbconcernedbprimarilybwi
thbinternalbusersbsuchbasbofficersbandbmanagers.
(b) Financialbstatementsbarebthebendbproductbofbfinancialbaccounting.bThesebstatementsba
rebpreparedbquarterlybandbannually.bInbmanagerialbaccounting,binternalbreportsb mayb
bebpreparedbasbfrequentlybasbneeded.
(c) Thebpurposebofbfinancialbaccountingbisbtobprovidebgeneral-
purposebinformationbforbexternalbusers.bThebpurposebofbmanagerialbaccountingbisbtob
, providebspecial-purposebinformationbforbspecificbinternalbdecisions.
LO1b BT:bCb Difficulty:bEasyb TOT:b5bmin.bbAACSB:bNoneb AICPAbFC:b Measurement,bAnalysisbandbInterpretationbIMA:bCostbMana
gement
3. Differencesbinbthebcontentbofbthebreportsbarebasbfollows:
b Financial b Managerial
Pertainsb tob businessb asb ab wholeb andb isbh Pertainsbtobsubunitsbofbthebbusinessb
ighlybaggregated. andbmaybbebverybdetailed.
Limitedbtobaccrualbaccountingbandbcostbdat Extends beyond accrual
a. accounting
Generallybacceptedbaccountingbprinciples. systembtobanybrelevantbdata.
Copyrightb©b2021bJohnbWileyb&bSons,bInc.
Weygandt,bManagerialbAccounting,b9e,bSolutionsb Manual (ForbInstructorbUsebOnly)
1-1
