***INSTANT DOWNLOAD*** PDF....SOLUTION MANUAL for Horngren's Accounting, 13th Edition Managerial by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1 to 9 covered

SOLUTION MANUAL b




Horngren's Accounting, 13th Edition Managerial
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by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1-9
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,THE MANAGERIAL CHAPTERS
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1. Introduction to Managerial Accounting
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2. Job Order Costing
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3. Process Costing b




4. Cost-Volume-Profit Analysis b




5. Master Budgets
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6. Flexible Budgets and Standard Cost Systems
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7. Cost Allocation and Responsibility Accounting
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8. Short-Term Business Decisions
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9. Capital Investment Decisions
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,Chapter 1 b




Introduction to Managerial Accounting b b b




Review Questions b




1. The primary purpose of managerial accounting is to provide information to help managers plan,direct,
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control, and make decisions.
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2. Financial accounting and managerial accounting differ on the following 6 dimensions: (1) primaryusers, (2)
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purpose of information, (3) focus and time dimension of the information, (4) rules and restrictions, (5)
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scope of information, and (6) behavioral.
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3. Line positions are directly involved in providing goods or services to customers. Staff positionssupport
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line positions.
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4. Planning means choosing goals and deciding how to achieve them. Directing involves running the day-to-
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day operations of a business. Controlling is the process of monitoring operations and keepingthe company
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on track.
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5. The four IMA standards of ethical practice and a description of each follow.
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I. Competence.
Maintain an appropriate level of professional leadership and expertise by enhancing b b b b b b b b b b




knowledge and skills.
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Perform professional duties in accordance with relevant laws, regulations, and technical
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standards. b




Provide decision support information and recommendations that are accurate, clear, concise,and
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timely. b




Recognise and help mange risk. b b b b




II. Confidentiality.
Keep information confidential except when disclosure is authorized or legally required.
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Inform all relevant parties regarding appropriate use of confidential information. Monitor to
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ensure compliance. b b




Refrain from using confidential information for unethical or illegal advantage.
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III. Integrity.
Mitigate actual conflicts of interest. Regularly communicate with business associates to avoid
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apparent conflicts of interest. Advise all parties of any potential conflicts.
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Refrain from engaging in any conduct that would prejudice carrying out duties ethically.
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, Abstain from engaging in or supporting any activity that might discredit the profession.
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Contribute to a positive ethical culture and place integrity of the profession above personal
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interest.
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5, cont.
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IV. Credibility.
Communicate information fairly and objectively. b b b b




Provide all relevant information that could reasonably be expected to influence an intendeduser’s
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understanding of the reports, analyses, or recommendations.
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Report any delays or deficiencies in information, timeliness, processing, or internal controlsin
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conformance with organization policy and/or applicable law.
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Communicate any professional limitations or other constraints that would preclude responsi-ble b b b b b b b b b b b




judgment or successful performance of an activity.
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6. Service companies sell time, skills, and knowledge. Examples of service companies include phoneservice
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companies, banks, cleaning service companies, accounting firms, law firms, medical physicians, and online
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auction services.
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7. Merchandising companies resell products they buy from suppliers. Merchandisers keep an inventoryof
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products, and managers are accountable for the purchasing, storage, and sale of the products. Examples of
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merchandising companies include toy stores, grocery stores, and clothing stores.
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8. Merchandising companies resell products they previously bought from suppliers, whereas manufacturing
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companies use labor, equipment, supplies, and facilities to convert raw materials intonew finished products.
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In contrast to merchandising companies, manufacturing companies have a broad range of production
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activities that require tracking costs on three kinds of inventory.
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9. The three inventory accounts used by manufacturing companies are Raw Materials Inventory, Work-in-
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Process Inventory, and Finished Goods Inventory.
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Raw Materials Inventory includes materials used to manufacture a product. Work-in-ProcessInventory
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includes goods that have been started in the manufacturing process but are not yet complete. Finished
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Goods Inventory includes completed goods that have not yet been sold.
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10. A direct cost is a cost that can be easily and cost-effectively traced to a cost object (which is anything for
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which managers want a separate measurement of cost). An indirect cost is a cost thatcannot be easily or
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cost-effectively traced to a cost object.
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11. The three manufacturing costs for a manufacturing company are direct materials, direct labor, and
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manufacturing overhead. Direct materials are materials that become a physical part of a finished product
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and whose costs are easily traceable to the finished product. Direct labor is the labor cost ofthe employees
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who convert materials into finished products. Manufacturing overhead includes all manufacturing costs
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except direct materials and direct labor, such as indirect materials, indirect labor, factory depreciation,
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factory rent, and factory property taxes.
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