Solution Manual for Horngren's Accounting, The Managerial Chapters, 13th Edition By Tracie Miller-Nobles, Brenda Mattison, Verified Chapters 1 - 9, Complete Newest Version

SOLUTION MANUAL
Horngren's Accounting, 13th Edition Managerial
by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1-9

,THE MANAGERIAL CHAPTERS
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1. Introduction to Managerial Accounting
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2. Job Order Costing
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3. Process Costingj




4. Cost-Volume-Profit Analysis j




5. Master Budgets
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6. Flexible Budgets and Standard Cost Systems
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7. Cost Allocation and Responsibility Accounting
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8. Short-Term Business Decisions j j




9. Capital Investment Decisions
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,Chapter1 j


IntroductiontoManagerialAccounting
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Review Questions
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1. Thejprimaryjpurposejofjmanagerialjaccountingjisjtojprovidejinformationjtojhelpjmanagersjplan,j di
rect,jcontrol,jandjmakejdecisions.

2. Financialjaccountingjandjmanagerialjaccountingjdifferjonjthejfollowingj6jdimensions:j(1)jprimaryj use
rs,j(2)jpurposejofjinformation,j(3)jfocusjandjtimejdimensionjofjthejinformation,j(4)jrulesjandj restrictions,j
(5)jscopejofjinformation,jandj(6)jbehavioral.

3. Linejpositionsjarejdirectlyjinvolvedjinjprovidingjgoodsjorjservicesjtojcustomers.jStaffjpositionsj supp
ortjlinejpositions.

4. Planningjmeansjchoosingjgoalsjandjdecidingjhowjtojachievejthem.jDirectingjinvolvesjrunningjthejday-j to-
dayjoperationsjofjajbusiness.jControllingjisjthejprocessjofjmonitoringjoperationsjandjkeepingthej companyj
onjtrack.

5. ThejfourjIMAjstandardsjofjethicaljpracticejandjajdescriptionjofjeachjfollow.
I. Competence.
Maintainjanjappropriatejleveljofjprofessionaljleadershipjandjexpertisejbyjenhancingj kno
wledgejandjskills.
Performjprofessionaljdutiesjinjaccordancejwithjrelevantjlaws,jregulations,jandjtechnicalj st
andards.
Providejdecisionjsupportjinformationjandjrecommendationsjthatjarejaccurate,jclear,jconcise,j an
djtimely.
Recognisejandjhelpjmangejrisk.
II. Confidentiality.
Keepjinformationjconfidentialjexceptjwhenjdisclosurejisjauthorizedjorjlegallyjrequired.j Informja
lljrelevantjpartiesjregardingjappropriatejusejofjconfidentialjinformation.j Monitorjtoj ensurejcom
pliance.
jRefrainjfromjusingjconfidentialjinformationjforjunethicaljorjillegaljadvantage.

III. Integrity.
Mitigatejactualjconflictsjofjinterest.jRegularlyjcommunicatejwithjbusinessjassociatesjtojavoidj appar
entjconflictsjofjinterest.j Advisejalljpartiesjofjanyjpotentialjconflicts.
Refrainjfromjengagingjinjanyjconductjthatjwouldjprejudicejcarryingjoutjdutiesjethically.

, Abstainjfromjengagingjinjorjsupportingjanyjactivityjthatjmightjdiscreditjthejprofession.j Contrib
utejtojajpositivejethicaljculturejandjplacejintegrityjofjthejprofessionjabovejpersonalj interest.

5,jcont.
IV. Credibility.
Communicatejinformationjfairlyjandjobjectively.
Providejalljrelevantjinformationjthatjcouldjreasonablyjbejexpectedjtojinfluencejanjintendedj user’
sjunderstandingjofjthejreports,janalyses,jorjrecommendations.
Reportjanyjdelaysjorjdeficienciesjinjinformation,jtimeliness,jprocessing,jorjinternaljcontrolsinj confo
rmancejwithjorganizationjpolicyjand/orjapplicablejlaw.
Communicatejanyjprofessionaljlimitationsjorjotherjconstraintsjthatjwouldjprecludejresponsi-
j blejjudgmentjorjsuccessfuljperformancejofjanjactivity.




6. Servicejcompaniesjselljtime,jskills,jandjknowledge.j Examplesjofjservicejcompaniesjincludejphonej servicejc
ompanies,jbanks,jcleaningjservicejcompanies,jaccountingjfirms,jlawjfirms,jmedicaljphysicians,j andjonlineja
uctionjservices.

7. Merchandisingjcompaniesjreselljproductsjtheyjbuyjfromjsuppliers.jMerchandisersjkeepjanjinventoryofj pro
ducts,jandjmanagersjarejaccountablejforjthejpurchasing,jstorage,jandjsalejofjthejproducts.jExamplesj ofjme
rchandisingjcompaniesjincludejtoyjstores,jgroceryjstores,jandjclothingjstores.

8. Merchandisingjcompaniesjreselljproductsjtheyjpreviouslyjboughtjfromjsuppliers,jwhereasj manufacturin
gjcompaniesjusejlabor,jequipment,jsupplies,jandjfacilitiesjtojconvertjrawjmaterialsjintoj newjfinishedjpro
ducts.jInjcontrastjtojmerchandisingjcompanies,jmanufacturingjcompaniesjhavejaj broadjrangejofjproduc
tionjactivitiesjthatjrequirejtrackingjcostsjonjthreejkindsjofjinventory.

9. ThejthreejinventoryjaccountsjusedjbyjmanufacturingjcompaniesjarejRawjMaterialsjInventory,jWork-in-
j ProcessjInventory,jandjFinishedjGoodsjInventory.




RawjMaterialsjInventoryjincludesjmaterialsjusedjtojmanufacturejajproduct.jWork-in-
ProcessInventoryj includesjgoodsjthatjhavejbeenjstartedjinjthejmanufacturingjprocessjbutjarejnotjyetjcompl
ete.j Finishedj GoodsjInventoryjincludesjcompletedjgoodsjthatjhavejnotjyetjbeenjsold.

10. Ajdirectjcostjisjajcostjthatjcanjbejeasilyjandjcost-
effectivelyjtracedjtojajcostjobjectj(whichjisjanythingj forjwhichjmanagersjwantjajseparatejmeasurementj
ofjcost).jAnjindirectjcostjisjajcostjthatcannotjbej easilyjorjcost-effectivelyjtracedjtojajcostjobject.

11. Thejthreejmanufacturingjcostsjforjajmanufacturingjcompanyjarejdirectjmaterials,jdirectjlabor,jandj manuf
acturingjoverhead.jDirectjmaterialsjarejmaterialsjthatjbecomejajphysicaljpartjofjajfinishedj productjandj
whosejcostsjarejeasilyjtraceablejtojthejfinishedjproduct.j Directjlaborjisjthejlaborjcostjofj thejemployeesjwh
ojconvertjmaterialsjintojfinishedjproducts.jManufacturingjoverheadjincludesjallj manufacturingjcostsjexce
ptjdirectjmaterialsjandjdirectjlabor,jsuchjasjindirectjmaterials,jindirectjlabor,j factoryjdepreciation,jfactor
yjrent,jandjfactoryjpropertyjtaxes.