SOLUTION MANUAL Managerial Accounting Tools for Business Decision Making 9th Edition by Jerry J. Weygandt, Paul D. Kimmel All Chapters 1-14, Complete

SOLUTION MANUAL
Managerial Accounting Tools for Business Decision Making
9th Edition by Weygandt and Kimmel
Chapters 1 - 14, Complete

,TABLE OF CONTENTS G G




Chapter 1: Managerial Accounting
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Chapter 2: Job Order Costing
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Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
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Chapter 3: Process Costing
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Chapter 3A: Process Costing: Non-Debit and Credit Approach
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Chapter 4: Activity-Based Costing
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Chapter 5: Cost-Volume-Profit
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Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
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Chapter 7: Incremental Analysis
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Chapter 8: Pricing
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Chapter 9: Budgetary Planning
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Chapter 10: Budgetary Control and Responsibility Accounting
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Chapter 11: Standard Costs and Balanced Scorecard
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Chapter 12: Planning for Capital Investments
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Chapter 13: Statement of Cash Flows
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Chapter 14: Financial Analysis
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, CHAPTER 1 g




Managerial Accounting g




Learning Objectives
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1. Identifygthegfeaturesgofgmanagerialgaccountinggandgthegfunctionsgofgmanagement.

2. Describegthegclassesgofgmanufacturinggcostsgandgthegdifferencesgbetweengproductgandgperiodg
costs.

3. Demonstrateghowgtogcomputegcostgofggoodsgmanufacturedgandgpreparegfinancialgstatementsgforg
agmanufacturer.

4. Discussgtrendsgingmanagerialgaccounting.


ANSWERS TO QUESTIONS g g




1. (a)gNotgtrue.gManagerialgaccountinggisgagfieldgofgaccountinggthatgprovidesgeconomicgandgfinancialgi
nformationgforgmanagersgandgotherginternalgusers.
(b) Joegisgincorrect.gManagerialgaccountinggappliesgtogallgtypesgofgbusinesses—
service,gmerchandising,gandgmanufacturing.
LO1g BT:gCg Difficulty:gEasyg TOT:g3gmin.ggAACSB:gNoneg AICPAg FC:gMeasurement,gAnalysisgandgInterpretationgIMA:gCostgManagement

2. (a)gFinancialgaccountinggisgconcernedgprimarilygwithgexternalgusersgsuchgasgstockholders,gcreditors,
gandgregulators.gIngcontrast,gmanagerialgaccounting gisgconcernedgprimarilygwithginternalgusers


g suchgasgofficersgandg managers.


(b) Financialgstatementsgaregthegendgproductgofgfinancialgaccounting.gThesegstatementsgaregprep
aredgquarterlygandgannually.gIngmanagerialgaccounting,ginternalgreportsg mayg begpreparedgasg
frequentlygasgneeded.
(c) Thegpurposegofgfinancialgaccountinggisgtogprovideggeneral-
purposeginformationgforgexternalgusers.gThegpurposegofgmanagerialgaccountinggisgtogprovidegs
pecial-purposeginformationgforgspecificginternalgdecisions.
LO1g BT:gCg Difficulty:gEasyg TOT:g5gmin.ggAACSB:gNoneg AICPAgFC:gMeasurement,gAnalysisgandgInterpretationgIMA:gCostgManagement

3. Differencesgingthegcontentgofgthegreportsgaregasgfollows:
g Financial g Managerial

,  Pertainsg tog businessg asg ag wholeg andg isghighl  Pertainsgtogsubunitsgofgthegbusinessgandg
ygaggregated. maygbegverygdetailed.
 Limitedgtogaccrualgaccountinggandgcostgdata.  Extends beyond accrual accounting
 Generallygacceptedgaccountinggprinciples. systemgtoganygrelevantgdata.

Copyrightg©g2021gJohngWileyg&gSons,gInc. Weygandt,gManagerialgAccounting,g9e,gSolutionsgManual (Forg InstructorgUsegOnly) 1-1