SOLUTION MANUAL
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTSJ J
Chapterj 1:j Managerialj Accounting
Chapterj 2:j Jobj Orderj Costing
Chapterj 2A:j Jobj Orderj Costing:j Non-Debitj andj Creditj Approach
Chapterj 3:j Processj Costing
Chapterj 3A:j Processj Costing:j Non-Debitj andj Creditj Approach
Chapterj 4:j Activity-Basedj Costing
Chapterj 5:j Cost-Volume-Profit
Chapterj 6:j Cost-Volume-Profitj Analysis:j Additionalj Issues
Chapterj 7:j Incrementalj Analysis
Chapterj 8:j Pricing
Chapterj 9:j Budgetaryj Planning
Chapterj 10:j Budgetaryj Controlj andj Responsibilityj Accounting
Chapterj 11:j Standardj Costsj andj Balancedj Scorecard
Chapterj 12:j Planningj forj Capitalj Investments
Chapterj 13:j Statementj ofj Cashj Flows
,Chapterj 14:j Financialj Analysis
CHAPTERj 1
Managerialj Accounting
Learningj Objectives
1. Identifyj thej featuresj ofj managerialj accountingj andj thej functionsj ofj management.
2. Describej thej classesj ofj manufacturingj costsj andj thej differencesj betweenj productj
andj periodjcosts.
3. Demonstratej howj toj computej costj ofj goodsj manufacturedj andj preparej financialj
statementsj forj ajmanufacturer.
4. Discussj trendsj inj managerialj accounting.
ANSWERSj TOj QUESTIONS
1. (a)j Notj true.j Managerialj accountingj isj aj fieldj ofj accountingj thatj providesj economicj
andj financialj informationj forj managersj andj otherj internalj users.
(b) Joej isj incorrect.j Managerialj accountingj appliesj toj allj typesj ofj businesses—service,j
merchandising,j andj manufacturing.
LO1j BT:j Cj Difficulty:j Easyj TOT:j 3j min.j j AACSB:j Nonej AICPAj FC:j Measurement,j Analysisj andj Interpretationj IMA:j Costj
Management
2. (a)j Financialj accountingj isj concernedj primarilyj withj externalj usersj suchj asj stockholders,j
creditors,j andj regulators.j Inj contrast,j managerialj accountingj isj concernedj primarilyj
withj internalj usersj suchj asj officersj andj managers.
(b) Financialj statementsj arej thej endj productj ofj financialj accounting.j Thesej statementsj
arej preparedj quarterlyj andj annually.j Inj managerialj accounting,j internalj reportsj
mayj bej preparedj asj frequentlyj asj needed.
(c) Thej purposej ofj financialj accountingj isj toj providej general-purposej informationj forj
externalj users.j Thej purposej ofj managerialj accountingj isj toj providej special-purposej
, informationj forj specificj internalj decisions.
LO1j BT:j Cj Difficulty:j Easyj TOT:j 5j min.j j AACSB:j Nonej AICPAj FC:j Measurement,j Analysisj andj Interpretationj IMA:j Costj
Management
3. Differencesj inj thej contentj ofj thej reportsj arej asj follows:
j Financial j Managerial
Pertainsj toj businessj asj aj wholej andj Pertainsj toj subunitsj ofj thej businessj
isjhighlyj aggregated. andjmayj bej veryj detailed.
Limitedj toj accrualj accountingj andj costj Extends beyond accrual
data. accounting
Generallyj acceptedj accountingj principles. systemj toj anyj relevantj data.
Copyrightj ©j 2021j Johnj Wileyj &j Sons,j Inc. Weygandt,j Managerialj
Accounting,j 9e,j Solutionsj Manual (Forj Instructorj Usej Only) 1-1
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTSJ J
Chapterj 1:j Managerialj Accounting
Chapterj 2:j Jobj Orderj Costing
Chapterj 2A:j Jobj Orderj Costing:j Non-Debitj andj Creditj Approach
Chapterj 3:j Processj Costing
Chapterj 3A:j Processj Costing:j Non-Debitj andj Creditj Approach
Chapterj 4:j Activity-Basedj Costing
Chapterj 5:j Cost-Volume-Profit
Chapterj 6:j Cost-Volume-Profitj Analysis:j Additionalj Issues
Chapterj 7:j Incrementalj Analysis
Chapterj 8:j Pricing
Chapterj 9:j Budgetaryj Planning
Chapterj 10:j Budgetaryj Controlj andj Responsibilityj Accounting
Chapterj 11:j Standardj Costsj andj Balancedj Scorecard
Chapterj 12:j Planningj forj Capitalj Investments
Chapterj 13:j Statementj ofj Cashj Flows
,Chapterj 14:j Financialj Analysis
CHAPTERj 1
Managerialj Accounting
Learningj Objectives
1. Identifyj thej featuresj ofj managerialj accountingj andj thej functionsj ofj management.
2. Describej thej classesj ofj manufacturingj costsj andj thej differencesj betweenj productj
andj periodjcosts.
3. Demonstratej howj toj computej costj ofj goodsj manufacturedj andj preparej financialj
statementsj forj ajmanufacturer.
4. Discussj trendsj inj managerialj accounting.
ANSWERSj TOj QUESTIONS
1. (a)j Notj true.j Managerialj accountingj isj aj fieldj ofj accountingj thatj providesj economicj
andj financialj informationj forj managersj andj otherj internalj users.
(b) Joej isj incorrect.j Managerialj accountingj appliesj toj allj typesj ofj businesses—service,j
merchandising,j andj manufacturing.
LO1j BT:j Cj Difficulty:j Easyj TOT:j 3j min.j j AACSB:j Nonej AICPAj FC:j Measurement,j Analysisj andj Interpretationj IMA:j Costj
Management
2. (a)j Financialj accountingj isj concernedj primarilyj withj externalj usersj suchj asj stockholders,j
creditors,j andj regulators.j Inj contrast,j managerialj accountingj isj concernedj primarilyj
withj internalj usersj suchj asj officersj andj managers.
(b) Financialj statementsj arej thej endj productj ofj financialj accounting.j Thesej statementsj
arej preparedj quarterlyj andj annually.j Inj managerialj accounting,j internalj reportsj
mayj bej preparedj asj frequentlyj asj needed.
(c) Thej purposej ofj financialj accountingj isj toj providej general-purposej informationj forj
externalj users.j Thej purposej ofj managerialj accountingj isj toj providej special-purposej
, informationj forj specificj internalj decisions.
LO1j BT:j Cj Difficulty:j Easyj TOT:j 5j min.j j AACSB:j Nonej AICPAj FC:j Measurement,j Analysisj andj Interpretationj IMA:j Costj
Management
3. Differencesj inj thej contentj ofj thej reportsj arej asj follows:
j Financial j Managerial
Pertainsj toj businessj asj aj wholej andj Pertainsj toj subunitsj ofj thej businessj
isjhighlyj aggregated. andjmayj bej veryj detailed.
Limitedj toj accrualj accountingj andj costj Extends beyond accrual
data. accounting
Generallyj acceptedj accountingj principles. systemj toj anyj relevantj data.
Copyrightj ©j 2021j Johnj Wileyj &j Sons,j Inc. Weygandt,j Managerialj
Accounting,j 9e,j Solutionsj Manual (Forj Instructorj Usej Only) 1-1
