Solution manual for Managerial Accounting 8th
| | | | |
edition
|
by john wild, ken shaw, barbara chiappetta
| | | | | |
| Verified 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
,Chapter1 |
Managerial Accounting Concepts | |
and Principles
| |
QUICK STUDIES |
Quick Study 1-1 (5 minutes)
| | | |
1. Its primary users are company managers..............................
| | | | | | Managerial
2. Its information is often available onlyafter 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
| | | | | |
| Verified 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
,Chapter1 |
Managerial Accounting Concepts | |
and Principles
| |
QUICK STUDIES |
Quick Study 1-1 (5 minutes)
| | | |
1. Its primary users are company managers..............................
| | | | | | Managerial
2. Its information is often available onlyafter 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 |
