Solution Manual For Horngren’s Managerial Accounting 13th Edition
By Tracie Miller Nobles Brenda Mattison
All Chapter (1-9) Q&As Verified| Grade A+ Assured
~1~
, TABLE OF CONTENTS
Chapter 1-9................................................................................................................................................................................................................. 4
Short Exercises ................................................................................................................................................................. 54
Exercises ........................................................................................................................................................................... 64
Problems (Group A) ......................................................................................................................................................... 85
Problems (Group B) ....................................................................................................................................................... 113
Chapter 3 Process Costing............................................................................................................................................................................... 140
Review Questions........................................................................................................................................................... 140
Short Exercises ............................................................................................................................................................... 145
Exercises ......................................................................................................................................................................... 157
Problems (Group B) ....................................................................................................................................................... 211
Chapter 4................................................................................................................................................................................................................ 245
Review Questions........................................................................................................................................................... 245
Short Exercises ............................................................................................................................................................... 253
Exercises ......................................................................................................................................................................... 280
Problems (Group A) ....................................................................................................................................................... 319
Problems (Group B) ....................................................................................................................................................... 348
Using Excel ..................................................................................................................................................................... 379
Continuing Problem ....................................................................................................................................................... 379
Comprehensive Problem for Chapters M:1 – M:4 ........................................................................................................ 383
Critical Thinking............................................................................................................................................................. 394
Review Questions....................................................................................................................................................... 403
Short Exercises ........................................................................................................................................................... 410
Exercises ..................................................................................................................................................................... 427
Problems (Group A) ................................................................................................................................................... 457
Problems (Group B) ................................................................................................................................................... 502
Critical Thinking......................................................................................................................................................... 553
Chapter 6................................................................................................................................................................................................................ 563
Review Questions........................................................................................................................................................... 563
Short Exercises ............................................................................................................................................................... 573
Exercises ......................................................................................................................................................................... 593
Problems (Group A) ....................................................................................................................................................... 615
Problems (Group B) ....................................................................................................................................................... 641
Critical Thinking............................................................................................................................................................. 670
Chapter 7................................................................................................................................................................................................................ 683
Review Questions........................................................................................................................................................... 683
Short Exercises ............................................................................................................................................................... 689
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, Exercises ......................................................................................................................................................................... 706
Problems (Group A) ....................................................................................................................................................... 726
Problems (Group B) ....................................................................................................................................................... 745
Comprehensive Problem for Chapters M:5–M:7.......................................................................................................... 768
Critical Thinking............................................................................................................................................................. 793
Chapter 8................................................................................................................................................................................................................ 804
Short Exercises ............................................................................................................................................................... 807
Exercises ......................................................................................................................................................................... 812
Problems (Group A) ....................................................................................................................................................... 821
Problems (Group B) ....................................................................................................................................................... 829
Chapter 9................................................................................................................................................................................................................ 841
Review Questions........................................................................................................................................................... 841
Short Exercises ............................................................................................................................................................... 849
Exercises ......................................................................................................................................................................... 872
Problems (Group A) ....................................................................................................................................................... 894
Problems (Group B) ....................................................................................................................................................... 929
Comprehensive Problem for Chapters M:8 and M:9.................................................................................................... 972
Critical Thinking............................................................................................................................................................. 985
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, SOLUTION MANUAL FOR
Horngren's Accounting, 13th Edition Managerial by Tracie Miller-Nobles, Brenda Mattison
Chapter 1-9
Chapter 1
Introduction to Managerial Accounting
Review Questions
1. The primary purpose of managerial accounting is to provide information to help
managers plan, direct, control, and make decisions.
2. Financial accounting and managerial accounting differ on the following 6 dimensions: (1)
primary users, (2) purpose of information, (3) focus and time dimension of the information,
(4) rules and restrictions, (5) scope of information, and (6) behavioral.
3. Line positions are directly involved in providing goods or services to customers. Staff
positions support line positions.
4. Planning means choosing goals and deciding how to achieve them. Directing involves running
the day-to-day operations of a business. Controlling is the process of monitoring operations
and keeping the company on track.
5. The four IMA standards of ethical practice and a description of each follow.
I. Competence.
Maintain an appropriate level of professional leadership and expertise by
enhancing knowledge and skills.
Perform professional duties in accordance with relevant laws, regulations, and
technical standards.
Provide decision support information and recommendations that are accurate, clear,
concise, and timely.
Recognise and help mange risk.
II. Confidentiality.
Keep information confidential except when disclosure is authorized or legally required.
Inform all relevant parties regarding appropriate use of confidential information.
Monitor to ensure compliance.
Refrain from using confidential information for unethical or illegal advantage.
III. Integrity.
Mitigate actual conflicts of interest. Regularly communicate with business associates to
avoid apparent conflicts of interest. Advise all parties of any potential conflicts.
Refrain from engaging in any conduct that would prejudice carrying out duties ethically.
~4~
By Tracie Miller Nobles Brenda Mattison
All Chapter (1-9) Q&As Verified| Grade A+ Assured
~1~
, TABLE OF CONTENTS
Chapter 1-9................................................................................................................................................................................................................. 4
Short Exercises ................................................................................................................................................................. 54
Exercises ........................................................................................................................................................................... 64
Problems (Group A) ......................................................................................................................................................... 85
Problems (Group B) ....................................................................................................................................................... 113
Chapter 3 Process Costing............................................................................................................................................................................... 140
Review Questions........................................................................................................................................................... 140
Short Exercises ............................................................................................................................................................... 145
Exercises ......................................................................................................................................................................... 157
Problems (Group B) ....................................................................................................................................................... 211
Chapter 4................................................................................................................................................................................................................ 245
Review Questions........................................................................................................................................................... 245
Short Exercises ............................................................................................................................................................... 253
Exercises ......................................................................................................................................................................... 280
Problems (Group A) ....................................................................................................................................................... 319
Problems (Group B) ....................................................................................................................................................... 348
Using Excel ..................................................................................................................................................................... 379
Continuing Problem ....................................................................................................................................................... 379
Comprehensive Problem for Chapters M:1 – M:4 ........................................................................................................ 383
Critical Thinking............................................................................................................................................................. 394
Review Questions....................................................................................................................................................... 403
Short Exercises ........................................................................................................................................................... 410
Exercises ..................................................................................................................................................................... 427
Problems (Group A) ................................................................................................................................................... 457
Problems (Group B) ................................................................................................................................................... 502
Critical Thinking......................................................................................................................................................... 553
Chapter 6................................................................................................................................................................................................................ 563
Review Questions........................................................................................................................................................... 563
Short Exercises ............................................................................................................................................................... 573
Exercises ......................................................................................................................................................................... 593
Problems (Group A) ....................................................................................................................................................... 615
Problems (Group B) ....................................................................................................................................................... 641
Critical Thinking............................................................................................................................................................. 670
Chapter 7................................................................................................................................................................................................................ 683
Review Questions........................................................................................................................................................... 683
Short Exercises ............................................................................................................................................................... 689
~2~
, Exercises ......................................................................................................................................................................... 706
Problems (Group A) ....................................................................................................................................................... 726
Problems (Group B) ....................................................................................................................................................... 745
Comprehensive Problem for Chapters M:5–M:7.......................................................................................................... 768
Critical Thinking............................................................................................................................................................. 793
Chapter 8................................................................................................................................................................................................................ 804
Short Exercises ............................................................................................................................................................... 807
Exercises ......................................................................................................................................................................... 812
Problems (Group A) ....................................................................................................................................................... 821
Problems (Group B) ....................................................................................................................................................... 829
Chapter 9................................................................................................................................................................................................................ 841
Review Questions........................................................................................................................................................... 841
Short Exercises ............................................................................................................................................................... 849
Exercises ......................................................................................................................................................................... 872
Problems (Group A) ....................................................................................................................................................... 894
Problems (Group B) ....................................................................................................................................................... 929
Comprehensive Problem for Chapters M:8 and M:9.................................................................................................... 972
Critical Thinking............................................................................................................................................................. 985
~3~
, SOLUTION MANUAL FOR
Horngren's Accounting, 13th Edition Managerial by Tracie Miller-Nobles, Brenda Mattison
Chapter 1-9
Chapter 1
Introduction to Managerial Accounting
Review Questions
1. The primary purpose of managerial accounting is to provide information to help
managers plan, direct, control, and make decisions.
2. Financial accounting and managerial accounting differ on the following 6 dimensions: (1)
primary users, (2) purpose of information, (3) focus and time dimension of the information,
(4) rules and restrictions, (5) scope of information, and (6) behavioral.
3. Line positions are directly involved in providing goods or services to customers. Staff
positions support line positions.
4. Planning means choosing goals and deciding how to achieve them. Directing involves running
the day-to-day operations of a business. Controlling is the process of monitoring operations
and keeping the company on track.
5. The four IMA standards of ethical practice and a description of each follow.
I. Competence.
Maintain an appropriate level of professional leadership and expertise by
enhancing knowledge and skills.
Perform professional duties in accordance with relevant laws, regulations, and
technical standards.
Provide decision support information and recommendations that are accurate, clear,
concise, and timely.
Recognise and help mange risk.
II. Confidentiality.
Keep information confidential except when disclosure is authorized or legally required.
Inform all relevant parties regarding appropriate use of confidential information.
Monitor to ensure compliance.
Refrain from using confidential information for unethical or illegal advantage.
III. Integrity.
Mitigate actual conflicts of interest. Regularly communicate with business associates to
avoid apparent conflicts of interest. Advise all parties of any potential conflicts.
Refrain from engaging in any conduct that would prejudice carrying out duties ethically.
~4~
