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

SOLUTION MANUAL ty




Managerial Accounting Tools for Business Decision
ty ty ty ty ty




Making ty ty




9th Edition by Jerry J. Weygandt, Paul D. Kimmel
ty ty ty ty ty ty ty ty ty




Chapters 1 - 14, Complete
ty ty ty ty

,TABLE OF CONTENTS TY TY




Chapter 1: Managerial Accounting
ty ty ty




Chapter 2: Job Order Costing
ty ty ty ty




Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
ty ty ty ty ty ty ty ty




Chapter 3: Process Costing
ty ty ty




Chapter 3A: Process Costing: Non-Debit and Credit Approach
ty ty ty ty ty ty ty




Chapter 4: Activity-Based Costing
ty ty ty




Chapter 5: Cost-Volume-Profit
ty ty




Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
ty ty ty ty ty




Chapter 7: Incremental Analysis
ty ty ty




Chapter 8: Pricing
ty ty




Chapter 9: Budgetary Planning
ty ty ty




Chapter 10: Budgetary Control and Responsibility Accounting
ty ty ty ty ty ty




Chapter 11: Standard Costs and Balanced Scorecard
ty ty ty ty ty ty




Chapter 12: Planning for Capital Investments
ty ty ty ty ty




Chapter 13: Statement of Cash Flows
ty ty ty ty ty

,Chapter 14: Financial Analysis
ty ty ty




CHAPTER 1 ty




Managerial Accounting ty




Learning Objectives ty




1. Identify the features of managerial accounting and the functions of management.
ty ty ty ty ty ty ty ty ty ty




2. Describe the classes of manufacturing costs and the differences between product
ty ty ty ty ty ty ty ty ty ty




and periodcosts.
ty ty yt




3. Demonstrate how to compute cost of goods manufactured and prepare financial
ty ty ty ty ty ty ty ty ty ty




statements for amanufacturer.
ty ty ty yt




4. Discuss trends in managerial accounting.
ty ty ty ty




ANSWERS TO QUESTIONS ty ty




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and
ty ty ty ty ty ty ty ty ty ty ty ty ty




financial information for managers and other internal users.
ty ty ty ty ty ty ty ty




(b) Joe is incorrect. Managerial accounting applies to all types of businesses—service,
ty ty ty ty ty ty ty ty ty ty




merchandising, and manufacturing.
ty ty ty


LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None
t y ty t y ty t y ty ty ty ty ty t y AICPA FC: Measurement, Analysis and Interpretation IMA: Cost
ty ty ty ty ty ty ty


Management
ty




2. (a) Financial accounting is concerned primarily with external users such as stockholders,
ty ty ty ty ty ty ty ty ty ty ty




creditors, and regulators. In contrast, managerial accounting is concerned primarily
ty ty ty ty ty ty ty ty ty ty




with internal users such as officers and managers.
ty ty ty ty ty ty ty ty




(b) Financial statements are the end product of financial accounting. These statements
ty ty ty ty ty ty ty ty ty ty




are prepared quarterly and annually. In managerial accounting, internal reports
ty ty ty ty ty ty ty ty ty ty




may be prepared as frequently as needed.
t y t y ty ty ty ty ty




(c) The purpose of financial accounting is to provide general-purpose information for
ty ty ty ty ty ty ty ty ty ty




external users. The purpose of managerial accounting is to provide special-purpose
ty ty ty ty ty ty ty ty ty ty ty

, information for specific internal decisions.
ty ty ty ty ty


LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None
t y ty t y ty t y ty ty ty ty ty t y AICPA FC: Measurement, Analysis and Interpretation IMA: Cost
ty ty ty ty ty ty ty

Management
ty




3. Differences in the content of the reports are as follows:
ty ty ty ty ty ty ty ty ty




ty Financial ty Managerial
 Pertains to business as a whole and ty ty ty ty ty ty  Pertains to subunits of the business
ty ty ty ty ty




ishighly aggregated.
ty yt ty andmay be very detailed.
ty yt ty ty ty



 Limited to accrual accounting and cost
ty ty ty ty ty  Extends beyond accrual
data. ty accounting
 Generally accepted accounting principles. ty ty ty
system to any relevant data.
ty ty ty ty



Copyright © 2021 John Wiley & Sons, Inc.
ty ty ty ty ty ty ty Weygandt, Managerial ty



ty Accounting, 9e, Solutions Manual ty ty ty (For Instructor Use Only)
ty ty ty 1-1