,TABLE OF CONTENTS CB CB
Chapter 1: Managerial Accounting
cb cb cb
Chapter 2: Job Order Costing
cb cb cb cb
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
cb cb cb cb cb cb cb cb
Chapter 3: Process Costing
cb cb cb
Chapter 3A: Process Costing: Non-Debit and Credit Approach
cb cb cb cb cb cb cb
Chapter 4: Activity-Based Costing
cb cb cb
Chapter 5: Cost-Volume-Profit
cb cb
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
cb cb cb cb cb
Chapter 7: Incremental Analysis
cb cb cb
Chapter 8: Pricing
cb cb
Chapter 9: Budgetary Planning
cb cb cb
Chapter 10: Budgetary Control and Responsibility Accounting
cb cb cb cb cb cb
Chapter 11: Standard Costs and Balanced Scorecard
cb cb cb cb cb cb
Chapter 12: Planning for Capital Investments
cb cb cb cb cb
Chapter 13: Statement of Cash Flows
cb cb cb cb cb
,Chapter 14: Financial Analysis
cb cb cb
CHAPTER 1 cb
Managerial Accounting cb
Learning Objectives
cb
1. Identifycbthecbfeaturescbofcbmanagerialcbaccountingcbandcbthecbfunctionscbofcbmanagement.
2. Describecbthecbclassescbofcbmanufacturingcbcostscbandcbthecbdifferencescbbetweencbprodu
ctcbandcbperiodcbcosts.
3. Demonstratecbhowcbtocbcomputecbcostcbofcbgoodscbmanufacturedcbandcbpreparecbfinancialcbs
tatementscbforcbacbmanufacturer.
4. Discusscbtrendscbincbmanagerialcbaccounting.
ANSWERS TO QUESTIONS cb cb
1. (a)cbNotcbtrue.cbManagerialcbaccountingcbiscbacbfieldcbofcbaccountingcbthatcbprovidescbeconomi
ccbandcbfinancialcbinformationcbforcbmanagerscbandcbothercbinternalcbusers.
(b) Joecbiscbincorrect.cbManagerialcbaccountingcbappliescbtocballcbtypescbofcbbusinesses—
service,cbmerchandising,cbandcbmanufacturing.
LO1c b BT:cbCc b Difficulty:cbEasyc b TOT:cb3cbmin.cbcbAACSB:cbNonec b AICPAcb FC:cb Measurement,cbAnalysiscbandcbInterpretationcbIM
A:cbCostcbManagement
2. (a)cbFinancialcbaccountingcbiscbconcernedcbprimarilycbwithcbexternalcbuserscbsuchcbascbstockhol
ders,cbcreditors,cbandcbregulators.cbIncbcontrast,cbmanagerialcbaccountingcbiscbconcernedc
bprimarilycbwithcbinternalcbuserscb suchcbascbofficerscbandcb managers.
(b) Financialcbstatementscbarecbthecbendcbproductcbofcbfinancialcbaccounting.cbThesecbstatem
entscbarecbpreparedcbquarterlycbandcbannually.cbIncbmanagerialcbaccounting,cbinternalcbre
portsc b mayc b becbpreparedcbascbfrequentlycbascbneeded.
(c) Thecbpurposecbofcbfinancialcbaccountingcbiscbtocbprovidecbgeneral-
purposecbinformationcbforcbexternalcbusers.cbThecbpurposecbofcbmanagerialcbaccountingcbi
, scbtocbprovidecbspecial-purposecbinformationcbforcbspecificcbinternalcbdecisions.
LO1c b BT:cbCc b Difficulty:cbEasyc b TOT:cb5cbmin.cbcbAACSB:cbNonec b AICPAcbFC:cb Measurement,cbAnalysiscbandcbInterpretationcbIM
A:cbCostcbManagement
3. Differencescbincbthecbcontentcbofcbthecbreportscbarecbascbfollows:
cb Financial cb Managerial
• Pertainsc b toc b businessc b asc b ac b wholec b an • Pertainscbtocbsubunitscbofcbthecbbusine
dc b iscbhighlycbaggregated. sscbandcbmaycbbecbverycbdetailed.
• Limitedcbtocbaccrualcbaccountingcbandcbcostcb • Extends beyond accrual
data. accounting
• Generallycbacceptedcbaccountingcbprinciples. systemcbtocbanycbrelevantcbdata.
Copyrightcb©cb2021cbJohncbWileycb&cbSons,cbInc.
Weygandt,cbManagerialcbAccounting,cb9e,cbSolutionscb Manual(ForcbInstructorcbUsecbOnly
1-1
Chapter 1: Managerial Accounting
cb cb cb
Chapter 2: Job Order Costing
cb cb cb cb
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
cb cb cb cb cb cb cb cb
Chapter 3: Process Costing
cb cb cb
Chapter 3A: Process Costing: Non-Debit and Credit Approach
cb cb cb cb cb cb cb
Chapter 4: Activity-Based Costing
cb cb cb
Chapter 5: Cost-Volume-Profit
cb cb
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
cb cb cb cb cb
Chapter 7: Incremental Analysis
cb cb cb
Chapter 8: Pricing
cb cb
Chapter 9: Budgetary Planning
cb cb cb
Chapter 10: Budgetary Control and Responsibility Accounting
cb cb cb cb cb cb
Chapter 11: Standard Costs and Balanced Scorecard
cb cb cb cb cb cb
Chapter 12: Planning for Capital Investments
cb cb cb cb cb
Chapter 13: Statement of Cash Flows
cb cb cb cb cb
,Chapter 14: Financial Analysis
cb cb cb
CHAPTER 1 cb
Managerial Accounting cb
Learning Objectives
cb
1. Identifycbthecbfeaturescbofcbmanagerialcbaccountingcbandcbthecbfunctionscbofcbmanagement.
2. Describecbthecbclassescbofcbmanufacturingcbcostscbandcbthecbdifferencescbbetweencbprodu
ctcbandcbperiodcbcosts.
3. Demonstratecbhowcbtocbcomputecbcostcbofcbgoodscbmanufacturedcbandcbpreparecbfinancialcbs
tatementscbforcbacbmanufacturer.
4. Discusscbtrendscbincbmanagerialcbaccounting.
ANSWERS TO QUESTIONS cb cb
1. (a)cbNotcbtrue.cbManagerialcbaccountingcbiscbacbfieldcbofcbaccountingcbthatcbprovidescbeconomi
ccbandcbfinancialcbinformationcbforcbmanagerscbandcbothercbinternalcbusers.
(b) Joecbiscbincorrect.cbManagerialcbaccountingcbappliescbtocballcbtypescbofcbbusinesses—
service,cbmerchandising,cbandcbmanufacturing.
LO1c b BT:cbCc b Difficulty:cbEasyc b TOT:cb3cbmin.cbcbAACSB:cbNonec b AICPAcb FC:cb Measurement,cbAnalysiscbandcbInterpretationcbIM
A:cbCostcbManagement
2. (a)cbFinancialcbaccountingcbiscbconcernedcbprimarilycbwithcbexternalcbuserscbsuchcbascbstockhol
ders,cbcreditors,cbandcbregulators.cbIncbcontrast,cbmanagerialcbaccountingcbiscbconcernedc
bprimarilycbwithcbinternalcbuserscb suchcbascbofficerscbandcb managers.
(b) Financialcbstatementscbarecbthecbendcbproductcbofcbfinancialcbaccounting.cbThesecbstatem
entscbarecbpreparedcbquarterlycbandcbannually.cbIncbmanagerialcbaccounting,cbinternalcbre
portsc b mayc b becbpreparedcbascbfrequentlycbascbneeded.
(c) Thecbpurposecbofcbfinancialcbaccountingcbiscbtocbprovidecbgeneral-
purposecbinformationcbforcbexternalcbusers.cbThecbpurposecbofcbmanagerialcbaccountingcbi
, scbtocbprovidecbspecial-purposecbinformationcbforcbspecificcbinternalcbdecisions.
LO1c b BT:cbCc b Difficulty:cbEasyc b TOT:cb5cbmin.cbcbAACSB:cbNonec b AICPAcbFC:cb Measurement,cbAnalysiscbandcbInterpretationcbIM
A:cbCostcbManagement
3. Differencescbincbthecbcontentcbofcbthecbreportscbarecbascbfollows:
cb Financial cb Managerial
• Pertainsc b toc b businessc b asc b ac b wholec b an • Pertainscbtocbsubunitscbofcbthecbbusine
dc b iscbhighlycbaggregated. sscbandcbmaycbbecbverycbdetailed.
• Limitedcbtocbaccrualcbaccountingcbandcbcostcb • Extends beyond accrual
data. accounting
• Generallycbacceptedcbaccountingcbprinciples. systemcbtocbanycbrelevantcbdata.
Copyrightcb©cb2021cbJohncbWileycb&cbSons,cbInc.
Weygandt,cbManagerialcbAccounting,cb9e,cbSolutionscb Manual(ForcbInstructorcbUsecbOnly
1-1
