SOLUTION MANUAL for Horngren's Accounting, 13th Edition Managerial by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1 to 9 covered

SOLUTION MANUAL
Horngren's Accounting, 13th Edition Managerial
by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1-9

,THE MANAGERIAL CHAPTERS
J J




1. Introduction to Managerial Accounting
J J J




2. Job Order Costing
J J




3. Process Costing J




4. Cost-Volume-Profit Analysis J




5. Master Budgets
J




6. Flexible Budgets and Standard Cost Systems
J J J J J




7. Cost Allocation and Responsibility Accounting
J J J J




8. Short-Term Business Decisions
J J




9. Capital Investment Decisions
J J

,Chapter 1 J


Introduction to Managerial Accounting
J J J




Review Questions
J




1. TheJprimaryJpurposeJofJmanagerialJaccountingJisJtoJprovideJinformationJtoJhelpJmanagersJplan,Jdirect,J
control,JandJmakeJdecisions.

2. FinancialJaccountingJandJmanagerialJaccountingJdifferJonJtheJfollowingJ6Jdimensions:J(1)JprimaryJusers,J(2)
JpurposeJofJinformation,J(3)JfocusJandJtimeJdimensionJofJtheJinformation,J(4)JrulesJandJrestrictions,J(5)Jsco

peJofJinformation,JandJ(6)Jbehavioral.

3. LineJpositionsJareJdirectlyJinvolvedJinJprovidingJgoodsJorJservicesJtoJcustomers.JStaffJpositionsJsuppor
tJlineJpositions.

4. PlanningJmeansJchoosingJgoalsJandJdecidingJhowJtoJachieveJthem.JDirectingJinvolvesJrunningJtheJday-to-
dayJoperationsJofJaJbusiness.JControllingJisJtheJprocessJofJmonitoringJoperationsJandJkeepingJtheJcompanyJo
nJtrack.

5. TheJfourJIMAJstandardsJofJethicalJpracticeJandJaJdescriptionJofJeachJfollow.
I. Competence.
MaintainJanJappropriateJlevelJofJprofessionalJleadershipJandJexpertiseJbyJenhancingJknowl
edgeJandJskills.
PerformJprofessionalJdutiesJinJaccordanceJwithJrelevantJlaws,Jregulations,JandJtechnicalJstanda
rds.
ProvideJdecisionJsupportJinformationJandJrecommendationsJthatJareJaccurate,Jclear,Jconcise,JandJti
mely.
RecogniseJandJhelpJmangeJrisk.
II. Confidentiality.
KeepJinformationJconfidentialJexceptJwhenJdisclosureJisJauthorizedJorJlegallyJrequired.
InformJallJrelevantJpartiesJregardingJappropriateJuseJofJconfidentialJinformation.J MonitorJtoJensur
eJcompliance.
RefrainJfromJusingJconfidentialJinformationJforJunethicalJorJillegalJadvantage.
III. Integrity.
MitigateJactualJconflictsJofJinterest.JRegularlyJcommunicateJwithJbusinessJassociatesJtoJavoidJapparen
tJconflictsJofJinterest.JJAdviseJallJpartiesJofJanyJpotentialJconflicts.
RefrainJfromJengagingJinJanyJconductJthatJwouldJprejudiceJcarryingJoutJdutiesJethically.

, AbstainJfromJengagingJinJorJsupportingJanyJactivityJthatJmightJdiscreditJtheJprofession.
ContributeJtoJaJpositiveJethicalJcultureJandJplaceJintegrityJofJtheJprofessionJaboveJpersonalJinteres
t.
5,Jcont.
IV. Credibility.
CommunicateJinformationJfairlyJandJobjectively.
ProvideJallJrelevantJinformationJthatJcouldJreasonablyJbeJexpectedJtoJinfluenceJanJintendedJuser’sJ
understandingJofJtheJreports,Janalyses,JorJrecommendations.
ReportJanyJdelaysJorJdeficienciesJinJinformation,Jtimeliness,Jprocessing,JorJinternalJcontrolsJinJconf
ormanceJwithJorganizationJpolicyJand/orJapplicableJlaw.
CommunicateJanyJprofessionalJlimitationsJorJotherJconstraintsJthatJwouldJprecludeJresponsi-
JbleJjudgmentJorJsuccessfulJperformanceJofJanJactivity.



6. ServiceJcompaniesJsellJtime,Jskills,JandJknowledge.J ExamplesJofJserviceJcompaniesJincludeJphoneJserviceJc
ompanies,Jbanks,JcleaningJserviceJcompanies,JaccountingJfirms,JlawJfirms,JmedicalJphysicians,JandJonlineJ
auctionJservices.

7. MerchandisingJcompaniesJresellJproductsJtheyJbuyJfromJsuppliers.JMerchandisersJkeepJanJinventoryJofJprod
ucts,JandJmanagersJareJaccountableJforJtheJpurchasing,Jstorage,JandJsaleJofJtheJproducts.JExamplesJofJmerch
andisingJcompaniesJincludeJtoyJstores,JgroceryJstores,JandJclothingJstores.

8. MerchandisingJcompaniesJresellJproductsJtheyJpreviouslyJboughtJfromJsuppliers,JwhereasJmanufacturingJc
ompaniesJuseJlabor,Jequipment,Jsupplies,JandJfacilitiesJtoJconvertJrawJmaterialsJintoJnewJfinishedJproducts.JI
nJcontrastJtoJmerchandisingJcompanies,JmanufacturingJcompaniesJhaveJaJbroadJrangeJofJproductionJactivit
iesJthatJrequireJtrackingJcostsJonJthreeJkindsJofJinventory.

9. TheJthreeJinventoryJaccountsJusedJbyJmanufacturingJcompaniesJareJRawJMaterialsJInventory,JWork-Jin-
ProcessJInventory,JandJFinishedJGoodsJInventory.

RawJMaterialsJInventoryJincludesJmaterialsJusedJtoJmanufactureJaJproduct.JWork-in-
ProcessJInventoryJincludesJgoodsJthatJhaveJbeenJstartedJinJtheJmanufacturingJprocessJbutJareJnotJyetJcompl
ete.J FinishedJGoodsJInventoryJincludesJcompletedJgoodsJthatJhaveJnotJyetJbeenJsold.

10. AJdirectJcostJisJaJcostJthatJcanJbeJeasilyJandJcost-
effectivelyJtracedJtoJaJcostJobjectJ(whichJisJanythingJforJwhichJmanagersJwantJaJseparateJmeasurementJofJc
ost).JAnJindirectJcostJisJaJcostJthatJcannotJbeJeasilyJorJcost-effectivelyJtracedJtoJaJcostJobject.

11. TheJthreeJmanufacturingJcostsJforJaJmanufacturingJcompanyJareJdirectJmaterials,JdirectJlabor,JandJmanufact
uringJoverhead.JDirectJmaterialsJareJmaterialsJthatJbecomeJaJphysicalJpartJofJaJfinishedJproductJandJwhoseJc
ostsJareJeasilyJtraceableJtoJtheJfinishedJproduct.J DirectJlaborJisJtheJlaborJcostJofJtheJemployeesJwhoJconvertJ
materialsJintoJfinishedJproducts.JManufacturingJoverheadJincludesJallJmanufacturingJcostsJexceptJdirectJma
terialsJandJdirectJlabor,JsuchJasJindirectJmaterials,JindirectJlabor,JfactoryJdepreciation,JfactoryJrent,JandJfactor
yJpropertyJtaxes.