TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete

Solutions Manual ii




Managerial Accounting: Creating Value in a Dynamic
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Business Environment, 13th Edition by Hilton
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Chapters 1 - 17 Complete
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,Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business E
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nvironmentiiChapter 2: Basic Cost Management Concepts x @ x @ x @ x @ x @




Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environ
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ment Chapter 4: Process Costing and
x@ x @ x @ x @ x @ x @ Hybrid Product-Costing
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Chapter 5: Activity- x @ x @




Based Costing and Management Chapter 6: Activity
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@ Analysis, Cost Behavior, and Cost EstimationiiChapte
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r 7: Cost-Volume-Profit Analysis
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Chapter 8: Variable Costing and the Measurement of ESG and Qual
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ity Costs Chapter 9: Financial
x @ x@ x @ x @ x @ Planning and x @ x @ Analysis: x @ The Master
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@ Budget

Chapter 10: x @ x @ Standard x @ Costing x @ and Analysis of
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Chapter 11: Flexible Budgeting and the Management of Overhead
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vity CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
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Chapter 13: Investment Centers and Transfer Pricing
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x @ Chapter 14: Decision Making: Relevant Costs and
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@ Benefits Chapter 15: Target Costing and Cost Anal
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ysis for Pricing DecisionsiiChapter 16: Capital Expend
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iture Decisions x @




Chapter x @ 17: x @ Allocation of Support x @ x @ x @ Activity x @ Costs and x @ x @ Joint Costs x @




Appendix I: The Sarbanes- x@ x @ x @

,Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
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nterest and
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Appendix III:
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, CHAPTER 1 x@




The Crucial Role of Managerial Accounting in a
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Dynamic Business Environment x@ x@




FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
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The focus-on-
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ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors c
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an use this list of ethical principles and standards to lead a class discussion. The disc
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ussion can also range to consideration of how these standards may have been violat
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ed by accountants and managers involved in the various ethical scandals uncovered ov
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er the past several years. It is also useful to discuss the pros and cons of the procedur
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es that IMA suggests for its members when they believe they know about ethical la
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pses in their organizations.
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ANSWERS TO REVIEW QUESTIONS x @ x@ x@




1-1 The explosion in e-
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commerce will affect managers in significant ways. One effect will be a dras
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tic reduction in paper work. Millions of transactions between businesses are
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now being conducted electronically with no hard-
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copy documentation. Along withthis method of communicating for business trans
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actions comes the very significant issue of information security. Businesses ne
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ed to find ways to protect confidential information in their own computers, i
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n cloud computing data centers, and while moving across the internet, wh
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ile at the same time sharing the information necessary to complete transa
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ctions. Another effect of e- x@ x@ x@ x@


commerce is the dramatically increased speed with which business transact
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ions can be conducted. In addition, there will be dramatic changes in the way
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managerial accounting procedures are carried out, one example being cloud-
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based budgeting, which is the enterprise-
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wide and electronic completion of a company‘s budgeting process using cloud-
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based software and data storage.
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