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 for Managerial Accounting:
Creating Value in a Dynamic Business Environment, 13th
Edition by Hilton

,Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Environment
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Chapter 2: Basic Cost Management Concepts
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Chapter 3: Product Costing and Cost Accumulation in a Batch Production EnvironmentChapte
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r 4: Process Costing and Hybrid Product-Costing Systems
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Chapter 5: Activity-Based Costing and Management
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Chapter 6: Activity Analysis, Cost Behavior, and Cost Estimation
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Chapter 7: Cost-Volume-Profit Analysis oi oi oi




Chapter 8: Variable Costing and the Measurement of ESG and Quality CostsChapt
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er 9: Financial Planning and Analysis: The Master Budget
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Chapter 10: Standard Costing and Analysis of Direct Costs
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Chapter 11: Flexible Budgeting and the Management of Overhead and Support Activity CostsC
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hapter 12: Responsibility Accounting and the Balanced Scorecard
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Chapter 13: Investment Centers and Transfer Pricing Chapte
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r 14: Decision Making: Relevant Costs and Benefits
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Chapter 15: Target Costing and Cost Analysis for Pricing Decisions
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Chapter 16: Capital Expenditure Decisions
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Chapter 17: Allocation of Support Activity Costs and Joint Costs
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Appendix I: The Sarbanes- oi oi oi




Oxley Act, Internal Controls, and Management AccountingAppendix II: Compound Interest and
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oi the Concept of Present Value
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Appendix III: Inventory Management oi oi oi

, CHAPTER 1 oi




The Crucial Role of Managerial Accounting in a Dyn
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amic Business Environment oi oi




FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
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The focus-on- oi




ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors can use th
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is list of ethical principles and standards to lead a class discussion. The discussion can also
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range to consideration of how these standards may have been violated by accountants and
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managers involved in the various ethical scandals uncovered over the past several years. It is a
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lso useful to discuss the pros and cons of the procedures that IMA suggests for its members wh
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en they believe they know about ethical lapses in their organizations.
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ANSWERS TO REVIEW QUESTIONS oi oi oi




1-1 The explosion in e- oi o i o i




commerce will affect managers in significant ways. One effect will be a drastic reductio
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n in paper work. Millions of transactions between businesses are now being conducted
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electronically with no hard-
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copy documentation. Along withthis method of communicating for business transacti
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ons comes the very significant issue of information security. Businesses need to find wa
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ys to protect confidential information in their own computers, in cloud computing dat
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a centers, and while moving across the internet, while at the same time sharing the
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information necessary to complete transactions. Another effect of e-
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commerce is the dramatically increased speed with which business transactions can be
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conducted. In addition, there will be dramatic changes in the way managerial accounting
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procedures are carried out, one example being cloud- oi oi oi oi oi oi oi



based budgeting, which is the enterprise- oi oi oi oi oi




wide and electroniccompletion of a company’s budgeting process using cloud-
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based software and data storage. oi oi oi oi