Managerial Accounting: Tools for Business Decision Making, 9th Edition | Jerry J. Weygandt, Paul D. Kimmel & Donald E. Kieso | Complete Solution Manual

Managerial Accounting Tools for Business Decision Making
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,TABLE OF CONTENTS XY XY




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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, Managerial Accounting Tools for Business Decision Making xy xy xy xy xy xy xy




CHAPTER 1 xy




Managerial Accounting xy




Learning Objectives xy




1. Identify the features of managerial accounting and the functions of management.
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2. Describe the classes of manufacturing costs and the differences between product and periodc
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osts.

3. Demonstrate how to compute cost of goods manufactured and prepare financial statements for a
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manufacturer.

4. Discuss trends in managerial accounting.
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ANSWERS TO QUESTIONS xy xy




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and financial inf
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ormation for managers and other internal users. xy xy xy xy xy xy




(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
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service, merchandising, and manufacturing. xy xy xy




LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Management
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2. (a) Financial accounting is concerned primarily with external users such as stockholders, creditors,
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and regulators. In contrast, managerial accounting is concerned primarily with internal users s
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uch as officers and managers. xy xy xy xy




(b) Financial statements are the end product of financial accounting. These statements are prepar
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ed quarterly and annually. In managerial accounting, internal reports may be prepared as fr
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equently as needed. xy xy




(c) The purpose of financial accounting is to provide general-
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purpose information for external users. The purpose of managerial accounting is to provide sp
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ecial-purpose information for specific internal decisions. xy xy xy xy xy




LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Management
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3. Differences in the content of the reports are as follows: xy xy xy xy xy xy xy xy xy




xy Financial xy Managerial

, • Pertains to business as a whole and ishigh
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ly aggregated.
xy may be very detailed.
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• Limited to accrual accounting and cost data.
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• Generally accepted accounting principles.
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system to any relevant data.
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Copyright © 2021 John Wiley & Sons, Inc.
xy xy xy xy xy xy xy Weygandt, Managerial Accounting, 9e, Solutions Manual (For Instructor Use Only)
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