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v edition
by john wild, ken shaw, barbara chiappetta
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Verified Chapter's 1 - 13 | Complete
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,TABLE OF CONTENTS v v v
Chapter 1: Managerial Accounting Concepts and Principles
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Chapter 2: Job Order Costing and Analysis
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Chapter 3: Process Costing and Analysis
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Chapter 4: Activity-Based Costing and Analysis
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Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis
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Chapter 6: Variable Costing and Analysis
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Chapter 7: Master Budgets and Planning
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Chapter 8: Flexible Budgets and Standard Costs
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Chapter 9: Performance Measurement and Responsibility Accounting
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Chapter 10: Relevant Costs for Managerial Decisions
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Chapter 11: Capital Budgeting and Investment Analysis
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Chapter 12: Reporting Cash Flows
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Chapter 13: Analysis of Financial Statements
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,Chapter1 v
ManagerialAccountingConcepts and v v v
Principles
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QUICK STUDIES v
Quick Study 1-1 (5 minutes)
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1. Itsprimary users are companymanagers..............................
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2. Itsinformationisoftenavailableonlyafteranauditiscomplete.
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3. Its primary focus is on the organization as a whole..............
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4. Its principles and practices are relatively flexible .................
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5. It focuses mainly on past results.............................................
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Quick Study 1-2 (10 minutes)
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1. Indirect cost v
2. Direct cost v
3. Indirect cost v
4. Indirect cost v
5. Direct cost v
Quick Study 1-3 (10 minutes)
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1. Direct materials
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2. Factory overhead v
3. Direct labor v
4. Factory overhead v
5. Factory overhead v
6. Direct materials
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, Quick Study 1-4 (10 minutes)
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1. Product cost v
2. Period cost v
3. Product cost v
4. Period cost v
5. Product cost v
6. Period cost v
7. Period cost v
8. Product cost v
Quick Study 1-5 (10 minutes)
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1. Prime cost v
2. Conversion cost (Glue is an indirect material) v v v v v v
3. Both
4. Conversioncost v
5. Conversioncost v
6. Prime cost v
Quick Study 1-6 (10 minutes)
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Ending work in process inventory is computed as:
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Work in process inventory, beginning ...............
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Direct materials used.......................................
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Direct labor used..............................................
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Factory overhead .............................................
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Total manufacturing costs..............................
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Total cost of work in process..............................
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Less cost of goods manufactured......................
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Work in process inventory, ending.....................
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