SOLUTION MANUAL
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS
Chapter 1: Managerial Accounting
Chapter 2: Job Order Costing
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
Chapter 3: Process Costing
Chapter 3A: Process Costing: Non-Debit and Credit Approach
Chapter 4: Activity-Based Costing
Chapter 5: Cost-Volume-Profit
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
Chapter 7: Incremental Analysis
Chapter 8: Pricing
Chapter 9: Budgetary Planning
Chapter 10: Budgetary Control and Responsibility Accounting
Chapter 11: Standard Costs and Balanced Scorecard
Chapter 12: Planning for Capital Investments
Chapter 13: Statement of Cash Flows
,Chapter 14: Financial Analysis
CHAPTER 1
Managerial Accounting
Learning Objectives
1. Identify the features of managerial accounting and the functions of management.
2. Describe the classes of manufacturing costs and the differences between product
and period costs.
3. Demonstrate how to compute cost of goods manufactured and prepare financial
statements for a manufacturer.
4. Discuss trends in managerial accounting.
ANSWERS TO QUESTIONS
1. (a)ANotAtrue.AManagerialAaccountingAisAaAfieldAofAaccountingAthatAprovidesAeconomicAandAfi
nancialAinformationAforAmanagersAandAotherAinternalAusers.
(b) JoeAisAincorrect.AManagerialAaccountingAappliesAtoAallAtypesAofAbusinesses—
service,Amerchandising,AandAmanufacturing.
LO1A BT:ACA Difficulty:AEasyA TOT:A3Amin.AAAACSB:ANoneA AICPAA FC:A Measurement,AAnalysisAandAInterpretationAIMA:ACostAManag
ement
2. (a)AFinancialAaccountingAisAconcernedAprimarilyAwithAexternalAusersAsuchAasAstockholders,Acr
editors,AandAregulators.AInAcontrast,AmanagerialAaccountingAisAconcernedAprimarilyAwit
hAinternalAusersAsuchAasAofficersAandAmanagers.
(b) FinancialAstatementsAareAtheAendAproductAofAfinancialAaccounting.ATheseAstatementsAar
eApreparedAquarterlyAandAannually.AInAmanagerialAaccounting,AinternalAreportsA mayA b
eApreparedAasAfrequentlyAasAneeded.
(c) TheApurposeAofAfinancialAaccountingAisAtoAprovideAgeneral-
purposeAinformationAforAexternalAusers.ATheApurposeAofAmanagerialAaccountingAisAtoAp
, rovideAspecial-purposeAinformationAforAspecificAinternalAdecisions.
LO1A BT:ACA Difficulty:AEasyA TOT:A5Amin.AAAACSB:ANoneA AICPAAFC:A Measurement,AAnalysisAandAInterpretationAIMA:ACostAManag
ement
3. DifferencesAinAtheAcontentAofAtheAreportsAareAasAfollows:
A Financial A Managerial
• PertainsA toA businessA asA aA wholeA andA isAh • PertainsAtoA subunitsAofAtheA businessA
ighlyAaggregated. andAmayAbeAveryAdetailed.
• LimitedAtoAaccrualAaccountingAandAcostAdata • Extends beyond accrual
. accounting
• GenerallyAacceptedAaccountingAprinciples. systemAtoAanyArelevantAdata.
CopyrightA©A2021AJohnAWileyA&ASons,AInc.
Weygandt,AManagerialAAccounting,A9e,ASolutionsA Manual (ForAInstructorAUseAOnly)
1-1
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS
Chapter 1: Managerial Accounting
Chapter 2: Job Order Costing
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
Chapter 3: Process Costing
Chapter 3A: Process Costing: Non-Debit and Credit Approach
Chapter 4: Activity-Based Costing
Chapter 5: Cost-Volume-Profit
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
Chapter 7: Incremental Analysis
Chapter 8: Pricing
Chapter 9: Budgetary Planning
Chapter 10: Budgetary Control and Responsibility Accounting
Chapter 11: Standard Costs and Balanced Scorecard
Chapter 12: Planning for Capital Investments
Chapter 13: Statement of Cash Flows
,Chapter 14: Financial Analysis
CHAPTER 1
Managerial Accounting
Learning Objectives
1. Identify the features of managerial accounting and the functions of management.
2. Describe the classes of manufacturing costs and the differences between product
and period costs.
3. Demonstrate how to compute cost of goods manufactured and prepare financial
statements for a manufacturer.
4. Discuss trends in managerial accounting.
ANSWERS TO QUESTIONS
1. (a)ANotAtrue.AManagerialAaccountingAisAaAfieldAofAaccountingAthatAprovidesAeconomicAandAfi
nancialAinformationAforAmanagersAandAotherAinternalAusers.
(b) JoeAisAincorrect.AManagerialAaccountingAappliesAtoAallAtypesAofAbusinesses—
service,Amerchandising,AandAmanufacturing.
LO1A BT:ACA Difficulty:AEasyA TOT:A3Amin.AAAACSB:ANoneA AICPAA FC:A Measurement,AAnalysisAandAInterpretationAIMA:ACostAManag
ement
2. (a)AFinancialAaccountingAisAconcernedAprimarilyAwithAexternalAusersAsuchAasAstockholders,Acr
editors,AandAregulators.AInAcontrast,AmanagerialAaccountingAisAconcernedAprimarilyAwit
hAinternalAusersAsuchAasAofficersAandAmanagers.
(b) FinancialAstatementsAareAtheAendAproductAofAfinancialAaccounting.ATheseAstatementsAar
eApreparedAquarterlyAandAannually.AInAmanagerialAaccounting,AinternalAreportsA mayA b
eApreparedAasAfrequentlyAasAneeded.
(c) TheApurposeAofAfinancialAaccountingAisAtoAprovideAgeneral-
purposeAinformationAforAexternalAusers.ATheApurposeAofAmanagerialAaccountingAisAtoAp
, rovideAspecial-purposeAinformationAforAspecificAinternalAdecisions.
LO1A BT:ACA Difficulty:AEasyA TOT:A5Amin.AAAACSB:ANoneA AICPAAFC:A Measurement,AAnalysisAandAInterpretationAIMA:ACostAManag
ement
3. DifferencesAinAtheAcontentAofAtheAreportsAareAasAfollows:
A Financial A Managerial
• PertainsA toA businessA asA aA wholeA andA isAh • PertainsAtoA subunitsAofAtheA businessA
ighlyAaggregated. andAmayAbeAveryAdetailed.
• LimitedAtoAaccrualAaccountingAandAcostAdata • Extends beyond accrual
. accounting
• GenerallyAacceptedAaccountingAprinciples. systemAtoAanyArelevantAdata.
CopyrightA©A2021AJohnAWileyA&ASons,AInc.
Weygandt,AManagerialAAccounting,A9e,ASolutionsA Manual (ForAInstructorAUseAOnly)
1-1
