Solution manual for managerial accounting 18th edition by garrison,noreen and brewer all chapters 1 to 16 ISBN- 9781266634505|newest update A+

Managerial Accounting 18th Edition, Solutions Manual, Chapter 1
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,Managerial Accounting 18th Edition, Solutions Manual, Chapter 1
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,Questions

1-1 The three major types of product costs ju ju ju ju u
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a. Variable cost: The variable cost per unit is ju ju ju ju ju ju ju




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constant, but total variable cost changes
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volume. ju




1-2 b. Fixed cost: The total fixed cost is constant ju ju ju ju ju ju ju




a. Direct materials are an integral part of a ju ju ju ju ju ju ju
withinthe relevant range. The averagefixed
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finished product and their costs can be
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conveniently traced to it.
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b. Indirect materials are generally small ju ju ju ju c. Mixed cost: A mixed cost contains ju u
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items of material such as glue and nails. They
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may be an integral part of a finished product but
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their costs can be traced to the product only at
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great cost or inconvenience.
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1-5
c. Direct labor consists of labor costs ju ju ju ju ju
a. Unit fixed costs decrease as the activity level
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that can be easily traced to particular
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products.
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b. Unit variable costs remain constant as the ju u
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Direct labor is also called ―touch labor.‖
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activity level increases.
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d. Indirect labor consists of the labor ju ju ju ju ju c. Total fixed costs remain constant as the ju ju ju u
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costs
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of janitors, supervisors, materials handlers, an
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d other factory workers that cannot be
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conveniently traced to particular products.
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These labor costs are incurred to support
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1-6
production, but the workers involved do not
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a. Cost behavior: Cost behavior refers to the ju ju ju ju ju ju




directly work on the product.
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way in which costs change in response to
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e. Manufacturing overhead includes all ju ju ju
changes in a measure of activity such as
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manufacturing costs except direct materials
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sales volume, production volume, or order
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and direct labor. Consequently,
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manufacturing overhead includes indirect
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b. Relevant range: The relevant range is ju ju ju ju ju




materials and indirect labor as well as other
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manufacturing costs.
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range of activity within which assumption
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s about variable and fixed cost behavior
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1-3 A product cost is any cost involved in ju ju ju ju ju ju ju
are valid. ju ju




purchasing or manufacturing goods. In the
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case of manufactured goods, these costs
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1-7 An activity base is a measure of ju ju ju ju ju ju




consist of
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whatever causes the incurrence of a
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direct materials, direct labor, and manufacturin
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variable cost. Examples of activity bases
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g overhead. A period cost is a cost that is
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include units produced, units sold, letters
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taken directly to the income statement as an
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typed, beds in a hospital, meals served in a
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expense in the period in which it is incurred.
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cafe, service calls made, etc.
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1-8 The linear assumption is reasonably ju ju ju ju




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ju within the relevant range. ju ju ju




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Managerial Accounting 18 Edition, Solutions Manual, Chapter 1 ju ju ju ju ju ju ju 1

, consent of McGraw Hill LLC.
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Managerial Accounting 18th Edition, Solutions Manual, Chapter 1
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