,TABLE OF CONTENTS N N
Chapter 1: Managerial Accounting
n n n
Chapter 2: Job Order Costing
n n n n
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
n n n n n n n n
Chapter 3: Process Costing
n n n
Chapter 3A: Process Costing: Non-Debit and Credit Approach
n n n n n n n
Chapter 4: Activity-Based Costing
n n n
Chapter 5: Cost-Volume-Profit
n n
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
n n n n n
Chapter 7: Incremental Analysis
n n n
Chapter 8: Pricing
n n
Chapter 9: Budgetary Planning
n n n
Chapter 10: Budgetary Control and Responsibility Accounting
n n n n n n
Chapter 11: Standard Costs and Balanced Scorecard
n n n n n n
Chapter 12: Planning for Capital Investments
n n n n n
Chapter 13: Statement of Cash Flows
n n n n n
,Chapter 14: Financial Analysis
n n n
CHAPTER 1 n
Managerial Accounting n
Learning Objectives
n
1. Identifynthenfeaturesnofnmanagerialnaccountingnandnthenfunctionsnofnmanagement.
2. Describenthenclassesnofnmanufacturingncostsnandnthendifferencesnbetweennproductnan
dnperiodncosts.
3. Demonstratenhowntoncomputencostnofngoodsnmanufacturednandnpreparenfinancialnstatem
entsnfornanmanufacturer.
4. Discussntrendsninnmanagerialnaccounting.
ANSWERS TO QUESTIONS n n
1. (a)nNotntrue.nManagerialnaccountingnisnanfieldnofnaccountingnthatnprovidesneconomicnandnf
inancialninformationnfornmanagersnandnotherninternalnusers.
(b) Joenisnincorrect.nManagerialnaccountingnappliesntonallntypesnofnbusinesses—
service,nmerchandising,nandnmanufacturing.
LO1n BT:nCn Difficulty:nEasyn TOT:n3nmin.nnAACSB:nNonen AICPAn FC:n Measurement,nAnalysisn andnInterpretationnIMA:nCostnManag
ement
2. (a)nFinancialnaccountingnisnconcernednprimarilynwithnexternalnusersnsuchnasnstockholders,nc
reditors,nandnregulators.nInncontrast,nmanagerialnaccountingnisnconcernednprimarilynwi
thninternalnusersnsuchnasnofficersnandnmanagers.
(b) Financialnstatementsnarenthenendnproductnofnfinancialnaccounting.nThesenstatementsna
renpreparednquarterlynandnannually.nInnmanagerialnaccounting,ninternalnreportsn mayn
benpreparednasnfrequentlynasnneeded.
(c) Thenpurposenofnfinancialnaccountingnisntonprovidengeneral-
purposeninformationnfornexternalnusers.nThenpurposenofnmanagerialnaccountingnisnton
, providenspecial-purposeninformationnfornspecificninternalndecisions.
LO1n BT:nCn Difficulty:nEasyn TOT:n5nmin.nnAACSB:nNonen AICPAnFC:n Measurement,nAnalysisn andnInterpretationnIMA:nCostnManag
ement
3. Differencesninnthencontentnofnthenreportsnarenasnfollows:
n Financial n Managerial
• Pertainsn ton businessn asn an wholen andn isnh • Pertainsntonsubunitsnofnthenbusinessn
ighlynaggregated. andnmaynbenveryndetailed.
• Limitedntonaccrualnaccountingnandncostndat • Extends beyond accrual
a. accounting
• Generallynacceptednaccountingnprinciples. systemntonanynrelevantndata.
Copyrightn©n2021nJohnnWileyn&nSons,nInc.
Weygandt,nManagerialnAccounting,n9e,nSolutionsn Manual (FornInstructornUsenOnly)
1-1
Chapter 1: Managerial Accounting
n n n
Chapter 2: Job Order Costing
n n n n
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
n n n n n n n n
Chapter 3: Process Costing
n n n
Chapter 3A: Process Costing: Non-Debit and Credit Approach
n n n n n n n
Chapter 4: Activity-Based Costing
n n n
Chapter 5: Cost-Volume-Profit
n n
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
n n n n n
Chapter 7: Incremental Analysis
n n n
Chapter 8: Pricing
n n
Chapter 9: Budgetary Planning
n n n
Chapter 10: Budgetary Control and Responsibility Accounting
n n n n n n
Chapter 11: Standard Costs and Balanced Scorecard
n n n n n n
Chapter 12: Planning for Capital Investments
n n n n n
Chapter 13: Statement of Cash Flows
n n n n n
,Chapter 14: Financial Analysis
n n n
CHAPTER 1 n
Managerial Accounting n
Learning Objectives
n
1. Identifynthenfeaturesnofnmanagerialnaccountingnandnthenfunctionsnofnmanagement.
2. Describenthenclassesnofnmanufacturingncostsnandnthendifferencesnbetweennproductnan
dnperiodncosts.
3. Demonstratenhowntoncomputencostnofngoodsnmanufacturednandnpreparenfinancialnstatem
entsnfornanmanufacturer.
4. Discussntrendsninnmanagerialnaccounting.
ANSWERS TO QUESTIONS n n
1. (a)nNotntrue.nManagerialnaccountingnisnanfieldnofnaccountingnthatnprovidesneconomicnandnf
inancialninformationnfornmanagersnandnotherninternalnusers.
(b) Joenisnincorrect.nManagerialnaccountingnappliesntonallntypesnofnbusinesses—
service,nmerchandising,nandnmanufacturing.
LO1n BT:nCn Difficulty:nEasyn TOT:n3nmin.nnAACSB:nNonen AICPAn FC:n Measurement,nAnalysisn andnInterpretationnIMA:nCostnManag
ement
2. (a)nFinancialnaccountingnisnconcernednprimarilynwithnexternalnusersnsuchnasnstockholders,nc
reditors,nandnregulators.nInncontrast,nmanagerialnaccountingnisnconcernednprimarilynwi
thninternalnusersnsuchnasnofficersnandnmanagers.
(b) Financialnstatementsnarenthenendnproductnofnfinancialnaccounting.nThesenstatementsna
renpreparednquarterlynandnannually.nInnmanagerialnaccounting,ninternalnreportsn mayn
benpreparednasnfrequentlynasnneeded.
(c) Thenpurposenofnfinancialnaccountingnisntonprovidengeneral-
purposeninformationnfornexternalnusers.nThenpurposenofnmanagerialnaccountingnisnton
, providenspecial-purposeninformationnfornspecificninternalndecisions.
LO1n BT:nCn Difficulty:nEasyn TOT:n5nmin.nnAACSB:nNonen AICPAnFC:n Measurement,nAnalysisn andnInterpretationnIMA:nCostnManag
ement
3. Differencesninnthencontentnofnthenreportsnarenasnfollows:
n Financial n Managerial
• Pertainsn ton businessn asn an wholen andn isnh • Pertainsntonsubunitsnofnthenbusinessn
ighlynaggregated. andnmaynbenveryndetailed.
• Limitedntonaccrualnaccountingnandncostndat • Extends beyond accrual
a. accounting
• Generallynacceptednaccountingnprinciples. systemntonanynrelevantndata.
Copyrightn©n2021nJohnnWileyn&nSons,nInc.
Weygandt,nManagerialnAccounting,n9e,nSolutionsn Manual (FornInstructornUsenOnly)
1-1
