SOLUTION MANUAL h
Managerial Accounting Tools for Business Decision
h h h h h
Making h h
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
h h h h h h h h h
Chapters 1 - 14, Complete
h h h h
,TABLE OF CONTENTS H H
Chapter 1: Managerial Accounting
h h h
Chapter 2: Job Order Costing
h h h h
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
h h h h h h h h
Chapter 3: Process Costing
h h h
Chapter 3A: Process Costing: Non-Debit and Credit Approach
h h h h h h h
Chapter 4: Activity-Based Costing
h h h
Chapter 5: Cost-Volume-Profit
h h
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
h h h h h
Chapter 7: Incremental Analysis
h h h
Chapter 8: Pricing
h h
Chapter 9: Budgetary Planning
h h h
Chapter 10: Budgetary Control and Responsibility Accounting
h h h h h h
Chapter 11: Standard Costs and Balanced Scorecard
h h h h h h
Chapter 12: Planning for Capital Investments
h h h h h
Chapter 13: Statement of Cash Flows
h h h h h
,Chapter 14: Financial Analysis
h h h
CHAPTER 1 h
Managerial Accounting h
Learning Objectives h
1. Identify hthe hfeatures hof hmanagerial haccounting hand hthe hfunctions hof hmanagement.
2. Describe hthe hclasses hof hmanufacturing hcosts hand hthe hdifferences hbetween hproduct
h and hperiodhcosts.
3. Demonstrate hhow hto hcompute hcost hof hgoods hmanufactured hand hprepare hfinancial
h statements hfor hahmanufacturer.
4. Discuss htrends hin hmanagerial haccounting.
ANSWERS TO QUESTIONS h h
1. (a) hNot htrue. hManagerial haccounting his ha hfield hof haccounting hthat hprovides heconomic
hand hfinancial hinformation hfor hmanagers hand hother hinternal husers.
(b) Joe his hincorrect. hManagerial haccounting happlies hto hall htypes hof hbusinesses—service,
hmerchandising, hand h manufacturing.
LO1 h BT: hC h Difficulty: hEasy h TOT: h3 hmin. h hAACSB: hNone h AICPA h FC: h Measurement, hAnalysis hand hInterpretation hIMA: hCost
hManagement
2. (a) hFinancial haccounting his hconcerned hprimarily hwith hexternal husers hsuch has hstockholders,
hcreditors, hand hregulators. hIn hcontrast, hmanagerial haccounting his hconcerned hprimarily
hwith hinternal husers hsuch has hofficers hand h managers.
(b) Financial hstatements hare hthe hend hproduct hof hfinancial haccounting. hThese hstatements
hare hprepared hquarterly hand hannually. hIn hmanagerial haccounting, hinternal hreports
h may h be hprepared h as hfrequently has hneeded.
(c) The hpurpose hof hfinancial haccounting his hto hprovide hgeneral-purpose hinformation hfor
hexternal husers. hThe hpurpose hof hmanagerial haccounting his hto hprovide hspecial-
, purpose hinformation hfor hspecific hinternal hdecisions.
LO1 h BT: hC h Difficulty: hEasy h TOT: h5 hmin. h hAACSB: hNone h AICPA hFC: h Measurement, hAnalysis hand hInterpretation hIMA: hCost
hManagement
3. Differences hin hthe hcontent hof hthe hreports hare has hfollows:
h Financial h Managerial
Pertains h to h business h as h a h whole h and Pertains hto h subunits hof h the hbusiness
ishhighly haggregated.
h andhmay hbe hvery hdetailed.
h
Limited hto haccrual haccounting hand hcost Extends beyond accrual
hdata. accounting
Generally haccepted haccounting hprinciples. system hto hany hrelevant hdata.
Copyright h© h2021 hJohn hWiley h& hSons, hInc. Weygandt, hManagerial
Accounting, h9e, hSolutions h Manual
h (For hInstructor hUse hOnly) 1-1
Managerial Accounting Tools for Business Decision
h h h h h
Making h h
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
h h h h h h h h h
Chapters 1 - 14, Complete
h h h h
,TABLE OF CONTENTS H H
Chapter 1: Managerial Accounting
h h h
Chapter 2: Job Order Costing
h h h h
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
h h h h h h h h
Chapter 3: Process Costing
h h h
Chapter 3A: Process Costing: Non-Debit and Credit Approach
h h h h h h h
Chapter 4: Activity-Based Costing
h h h
Chapter 5: Cost-Volume-Profit
h h
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
h h h h h
Chapter 7: Incremental Analysis
h h h
Chapter 8: Pricing
h h
Chapter 9: Budgetary Planning
h h h
Chapter 10: Budgetary Control and Responsibility Accounting
h h h h h h
Chapter 11: Standard Costs and Balanced Scorecard
h h h h h h
Chapter 12: Planning for Capital Investments
h h h h h
Chapter 13: Statement of Cash Flows
h h h h h
,Chapter 14: Financial Analysis
h h h
CHAPTER 1 h
Managerial Accounting h
Learning Objectives h
1. Identify hthe hfeatures hof hmanagerial haccounting hand hthe hfunctions hof hmanagement.
2. Describe hthe hclasses hof hmanufacturing hcosts hand hthe hdifferences hbetween hproduct
h and hperiodhcosts.
3. Demonstrate hhow hto hcompute hcost hof hgoods hmanufactured hand hprepare hfinancial
h statements hfor hahmanufacturer.
4. Discuss htrends hin hmanagerial haccounting.
ANSWERS TO QUESTIONS h h
1. (a) hNot htrue. hManagerial haccounting his ha hfield hof haccounting hthat hprovides heconomic
hand hfinancial hinformation hfor hmanagers hand hother hinternal husers.
(b) Joe his hincorrect. hManagerial haccounting happlies hto hall htypes hof hbusinesses—service,
hmerchandising, hand h manufacturing.
LO1 h BT: hC h Difficulty: hEasy h TOT: h3 hmin. h hAACSB: hNone h AICPA h FC: h Measurement, hAnalysis hand hInterpretation hIMA: hCost
hManagement
2. (a) hFinancial haccounting his hconcerned hprimarily hwith hexternal husers hsuch has hstockholders,
hcreditors, hand hregulators. hIn hcontrast, hmanagerial haccounting his hconcerned hprimarily
hwith hinternal husers hsuch has hofficers hand h managers.
(b) Financial hstatements hare hthe hend hproduct hof hfinancial haccounting. hThese hstatements
hare hprepared hquarterly hand hannually. hIn hmanagerial haccounting, hinternal hreports
h may h be hprepared h as hfrequently has hneeded.
(c) The hpurpose hof hfinancial haccounting his hto hprovide hgeneral-purpose hinformation hfor
hexternal husers. hThe hpurpose hof hmanagerial haccounting his hto hprovide hspecial-
, purpose hinformation hfor hspecific hinternal hdecisions.
LO1 h BT: hC h Difficulty: hEasy h TOT: h5 hmin. h hAACSB: hNone h AICPA hFC: h Measurement, hAnalysis hand hInterpretation hIMA: hCost
hManagement
3. Differences hin hthe hcontent hof hthe hreports hare has hfollows:
h Financial h Managerial
Pertains h to h business h as h a h whole h and Pertains hto h subunits hof h the hbusiness
ishhighly haggregated.
h andhmay hbe hvery hdetailed.
h
Limited hto haccrual haccounting hand hcost Extends beyond accrual
hdata. accounting
Generally haccepted haccounting hprinciples. system hto hany hrelevant hdata.
Copyright h© h2021 hJohn hWiley h& hSons, hInc. Weygandt, hManagerial
Accounting, h9e, hSolutions h Manual
h (For hInstructor hUse hOnly) 1-1
