Solution,manual,for,Managerial,Accounting,8th,
edition
by,john,wild,,ken,shaw,,barbara,chiappetta,Verifi
ed,Chapter's,1,-,13,|,Complete
,TABLE,OF,CONTENTS,
Chapter,1:,Managerial,Accounting,Concepts,and,Principles
Chapter,2:,Job,Order,Costing,and,Analysis
Chapter,3:,Process,Costing,and,Analysis
Chapter,4:,Activity-Based,Costing,and,Analysis
Chapter,5:,Cost,Behavior,and,Cost-Volume-Profit,Analysis
Chapter,6:,Variable,Costing,and,Analysis
Chapter,7:,Master,Budgets,and,Planning
Chapter,8:,Flexible,Budgets,and,Standard,Costs
Chapter,9:,Performance,Measurement,and,Responsibility,Accounting
Chapter,10:,Relevant,Costs,for,Managerial,Decisions
Chapter,11:,Capital,Budgeting,and,Investment,Analysis
Chapter,12:,Reporting,Cash,Flows
Chapter,13:,Analysis,of,Financial,Statements
,Chapter 1 ,
Managerial,Accounting,Concepts,an
d,Principles
QUICK,STUDIES
Quick,Study,1-1,(5,minutes)
1. Its,primary,users,are,company,managers,.............................. Managerial
2. Its,information,is,often,available,only,after,an,audit,is,complete,. Financial
3. Its,primary,focus,is,on,the,organization,as,a,whole,.............. Financial
4. Its,principles,and,practices,are,relatively,flexible,................. Managerial
5. It,focuses,mainly,on,past,results............................................. Financial
Quick,Study,1-2,(10,minutes)
1. Indirect,cost
2. Direct,cost
3. Indirect,cost
4. Indirect,cost
5. Direct,cost
Quick,Study,1-3,(10,minutes)
1. Direct,materials
2. Factory,overhead
3. Direct,labor
4. Factory,overhead
5. Factory,overhead
6. Direct,materials
, Quick,Study,1-4,(10,minutes)
1. Product,cost
2. Period,cost
3. Product,cost
4. Period,cost
5. Product,cost
6. Period,cost
7. Period,cost
8. Product,cost
Quick,Study,1-5,(10,minutes)
1. Prime,cost
2. Conversion,cost,(Glue,is,an,indirect,material)
3. Both
4. Conversion,cost
5. Conversion,cost
6. Prime,cost
Quick,Study,1-6,(10,minutes)
Ending,work,in,process,inventory,is,computed,as:
Work,in,process,inventory,,beginning,............... $, 26,000
Direct,materials,used,....................................... 74,000
Direct,labor,used,.............................................. 55,000
Factory,overhead,............................................. , , 95,000
Total,manufacturing,costs,.............................. ,224,000
Total,cost,of,work,in,process,.............................. 250,000
Less,cost,of,goods,manufactured,...................... ,220,000
Work,in,process,inventory,,ending,..................... $,30,000
edition
by,john,wild,,ken,shaw,,barbara,chiappetta,Verifi
ed,Chapter's,1,-,13,|,Complete
,TABLE,OF,CONTENTS,
Chapter,1:,Managerial,Accounting,Concepts,and,Principles
Chapter,2:,Job,Order,Costing,and,Analysis
Chapter,3:,Process,Costing,and,Analysis
Chapter,4:,Activity-Based,Costing,and,Analysis
Chapter,5:,Cost,Behavior,and,Cost-Volume-Profit,Analysis
Chapter,6:,Variable,Costing,and,Analysis
Chapter,7:,Master,Budgets,and,Planning
Chapter,8:,Flexible,Budgets,and,Standard,Costs
Chapter,9:,Performance,Measurement,and,Responsibility,Accounting
Chapter,10:,Relevant,Costs,for,Managerial,Decisions
Chapter,11:,Capital,Budgeting,and,Investment,Analysis
Chapter,12:,Reporting,Cash,Flows
Chapter,13:,Analysis,of,Financial,Statements
,Chapter 1 ,
Managerial,Accounting,Concepts,an
d,Principles
QUICK,STUDIES
Quick,Study,1-1,(5,minutes)
1. Its,primary,users,are,company,managers,.............................. Managerial
2. Its,information,is,often,available,only,after,an,audit,is,complete,. Financial
3. Its,primary,focus,is,on,the,organization,as,a,whole,.............. Financial
4. Its,principles,and,practices,are,relatively,flexible,................. Managerial
5. It,focuses,mainly,on,past,results............................................. Financial
Quick,Study,1-2,(10,minutes)
1. Indirect,cost
2. Direct,cost
3. Indirect,cost
4. Indirect,cost
5. Direct,cost
Quick,Study,1-3,(10,minutes)
1. Direct,materials
2. Factory,overhead
3. Direct,labor
4. Factory,overhead
5. Factory,overhead
6. Direct,materials
, Quick,Study,1-4,(10,minutes)
1. Product,cost
2. Period,cost
3. Product,cost
4. Period,cost
5. Product,cost
6. Period,cost
7. Period,cost
8. Product,cost
Quick,Study,1-5,(10,minutes)
1. Prime,cost
2. Conversion,cost,(Glue,is,an,indirect,material)
3. Both
4. Conversion,cost
5. Conversion,cost
6. Prime,cost
Quick,Study,1-6,(10,minutes)
Ending,work,in,process,inventory,is,computed,as:
Work,in,process,inventory,,beginning,............... $, 26,000
Direct,materials,used,....................................... 74,000
Direct,labor,used,.............................................. 55,000
Factory,overhead,............................................. , , 95,000
Total,manufacturing,costs,.............................. ,224,000
Total,cost,of,work,in,process,.............................. 250,000
Less,cost,of,goods,manufactured,...................... ,220,000
Work,in,process,inventory,,ending,..................... $,30,000
