Managerial Accounting Tools for Business Decision Making, 9th Edition Solution Manual by Jerry J. Weygandt, Paul D. Kimmel, Verified Chapters 1 - 14, Complete Newest Version

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

,TABLE OF CONTENTS L L




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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CHAPTER 1 l




Managerial Accounting l




Learning Objectives
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1. Identifylthelfeaturesloflmanageriallaccountinglandlthelfunctionsloflmanagement.

2. Describelthelclassesloflmanufacturinglcostslandltheldifferenceslbetweenlproductlandlper
iodlcosts.

3. Demonstratelhowltolcomputelcostloflgoodslmanufacturedlandlpreparelfinanciallstatementsl
forlalmanufacturer.

4. Discussltrendslinlmanageriallaccounting.


ANSWERS TO QUESTIONS l l




1. (a)lNotltrue.lManageriallaccountinglislalfieldloflaccountinglthatlprovidesleconomiclandlfinanc
iallinformationlforlmanagerslandlotherlinternallusers.
(b) Joelislincorrect.lManageriallaccountinglappliesltolallltypesloflbusinesses—
service,lmerchandising,landlmanufacturing.
LO1l BT:lCl Difficulty:lEasyl TOT:l3lmin.llAACSB:lNonel AICPAl FC:l Measurement,lAnalysislandlInterpretationlIMA:lCostlManagement


2. (a)lFinanciallaccountinglislconcernedlprimarilylwithlexternalluserslsuchlaslstockholders,lcredit
ors,landlregulators.lInlcontrast,lmanageriallaccountinglislconcernedlprimarilylwithlintern
alluserslsuchlaslofficerslandlmanagers.
(b) Financiallstatementslarelthelendlproductloflfinanciallaccounting.lTheselstatementslarelpr
eparedlquarterlylandlannually.lInlmanageriallaccounting,linternallreportsl mayl belprepa
redlaslfrequentlylaslneeded.
(c) Thelpurposeloflfinanciallaccountinglisltolprovidelgeneral-
purposelinformationlforlexternallusers.lThelpurposeloflmanageriallaccountinglisltolprovi

, delspecial-purposelinformationlforlspecificlinternalldecisions.
LO1l BT:lCl Difficulty:lEasyl TOT:l5lmin.llAACSB:lNonel AICPAlFC:l Measurement,lAnalysislandlInterpretationlIMA:lCostlManagement


3. Differenceslinlthelcontentloflthelreportslarelaslfollows:

l Financial l Managerial
 Pertainsl tol businessl asl al wholel andl islhig  Pertainsltol subunitslofl thel businesslan
hlylaggregated. dlmaylbelveryldetailed.
 Limitedltolaccruallaccountinglandlcostldata.  Extends beyond accrual
 Generallylacceptedlaccountinglprinciples. accounting
systemltolanylrelevantldata.
Copyrightl©l2021lJohnlWileyl&lSons,lInc. Weygandt,lManageriallAccounting,l9e,lSolutionsl Manual (ForlInstructorlUselOnly)
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