Managerial Accounting Tools for Business Decision Making
SOLUTION MANUAL
Managerial Accounting Tools for Business Decision Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS
Chapter 1: Managerial Accounting
Chapter 2: Job Order Costing
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
Chapter 3: Process Costing
Chapter 3A: Process Costing: Non-Debit and Credit Approach
Chapter 4: Activity-Based Costing
Chapter 5: Cost-Volume-Profit
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
Chapter 7: Incremental Analysis
Chapter 8: Pricing
Chapter 9: Budgetary Planning
Chapter 10: Budgetary Control and Responsibility Accounting
Chapter 11: Standard Costs and Balanced Scorecard
Chapter 12: Planning for Capital Investments
Chapter 13: Statement of Cash Flows
Chapter 14: Financial Analysis
, Managerial Accounting Tools for Business Decision Making
CHAPTER 1
Managerial Accounting
Learning Objectives
1. Identify othe ofeatures oof omanagerial oaccounting oand othe ofunctions oof omanagement.
2. Describe othe oclasses oof omanufacturing ocosts oand othe odifferences obetween oproduct
oand operiodocosts.
3. Demonstrate ohow oto ocompute ocost oof ogoods omanufactured oand oprepare ofinancial
ostatements ofor oaomanufacturer.
4. Discuss otrends oin omanagerial oaccounting.
ANSWERS oTO oQUESTIONS
1. (a) oNot otrue. oManagerial oaccounting ois oa ofield oof oaccounting othat oprovides oeconomic oand
ofinancial oinformation ofor omanagers oand oother ointernal ousers.
(b) Joe ois oincorrect. oManagerial oaccounting oapplies oto oall otypes oof obusinesses—service,
omerchandising, oand omanufacturing.
LO1 o BT: oC o Difficulty: oEasy o TOT: o3 omin. o oAACSB: oNone o AICPA o FC: o Measurement, oAnalysis oand oInterpretation oIMA: oCos
oManagement
2. (a) oFinancial oaccounting ois oconcerned oprimarily owith oexternal ousers osuch oas ostockholders,
ocreditors, oand oregulators. oIn ocontrast, omanagerial oaccounting ois oconcerned oprimarily
owith ointernal ousers osuch oas oofficers oand omanagers.
(b) Financial ostatements oare othe oend oproduct oof ofinancial oaccounting. oThese ostatements
oare oprepared oquarterly oand oannually. oIn omanagerial oaccounting, ointernal oreports
o may o be oprepared oas ofrequently oas oneeded.
(c) The opurpose oof ofinancial oaccounting ois oto oprovide ogeneral-purpose oinformation ofor
oexternal ousers. oThe opurpose oof omanagerial oaccounting ois oto oprovide ospecial-purpose
oinformation ofor ospecific ointernal odecisions.
LO1 o BT: oC o Difficulty: oEasy o TOT: o5 omin. o oAACSB: oNone o AICPA oFC: o Measurement, oAnalysis oand oInterpretation oIMA: oCos
oManagement
3. Differences oin othe ocontent oof othe oreports oare oas ofollows:
o Financial o Managerial
, Pertains o to o business o as o a o whole o and Pertains oto osubunits oof othe obusiness
o isohighly oaggregated. oandomay obe overy odetailed.
Limited oto oaccrual oaccounting oand ocost Extends beyond accrual accounting
odata. system oto oany orelevant odata.
Generally oaccepted oaccounting oprinciples.
Copyright o© o2021 oJohn oWiley o& oSons, oInc. Weygandt, oManagerial oAccounting
o9e, oSolutions o Manual (For oInstructor oUse oOnly) 1-1
SOLUTION MANUAL
Managerial Accounting Tools for Business Decision Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS
Chapter 1: Managerial Accounting
Chapter 2: Job Order Costing
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
Chapter 3: Process Costing
Chapter 3A: Process Costing: Non-Debit and Credit Approach
Chapter 4: Activity-Based Costing
Chapter 5: Cost-Volume-Profit
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
Chapter 7: Incremental Analysis
Chapter 8: Pricing
Chapter 9: Budgetary Planning
Chapter 10: Budgetary Control and Responsibility Accounting
Chapter 11: Standard Costs and Balanced Scorecard
Chapter 12: Planning for Capital Investments
Chapter 13: Statement of Cash Flows
Chapter 14: Financial Analysis
, Managerial Accounting Tools for Business Decision Making
CHAPTER 1
Managerial Accounting
Learning Objectives
1. Identify othe ofeatures oof omanagerial oaccounting oand othe ofunctions oof omanagement.
2. Describe othe oclasses oof omanufacturing ocosts oand othe odifferences obetween oproduct
oand operiodocosts.
3. Demonstrate ohow oto ocompute ocost oof ogoods omanufactured oand oprepare ofinancial
ostatements ofor oaomanufacturer.
4. Discuss otrends oin omanagerial oaccounting.
ANSWERS oTO oQUESTIONS
1. (a) oNot otrue. oManagerial oaccounting ois oa ofield oof oaccounting othat oprovides oeconomic oand
ofinancial oinformation ofor omanagers oand oother ointernal ousers.
(b) Joe ois oincorrect. oManagerial oaccounting oapplies oto oall otypes oof obusinesses—service,
omerchandising, oand omanufacturing.
LO1 o BT: oC o Difficulty: oEasy o TOT: o3 omin. o oAACSB: oNone o AICPA o FC: o Measurement, oAnalysis oand oInterpretation oIMA: oCos
oManagement
2. (a) oFinancial oaccounting ois oconcerned oprimarily owith oexternal ousers osuch oas ostockholders,
ocreditors, oand oregulators. oIn ocontrast, omanagerial oaccounting ois oconcerned oprimarily
owith ointernal ousers osuch oas oofficers oand omanagers.
(b) Financial ostatements oare othe oend oproduct oof ofinancial oaccounting. oThese ostatements
oare oprepared oquarterly oand oannually. oIn omanagerial oaccounting, ointernal oreports
o may o be oprepared oas ofrequently oas oneeded.
(c) The opurpose oof ofinancial oaccounting ois oto oprovide ogeneral-purpose oinformation ofor
oexternal ousers. oThe opurpose oof omanagerial oaccounting ois oto oprovide ospecial-purpose
oinformation ofor ospecific ointernal odecisions.
LO1 o BT: oC o Difficulty: oEasy o TOT: o5 omin. o oAACSB: oNone o AICPA oFC: o Measurement, oAnalysis oand oInterpretation oIMA: oCos
oManagement
3. Differences oin othe ocontent oof othe oreports oare oas ofollows:
o Financial o Managerial
, Pertains o to o business o as o a o whole o and Pertains oto osubunits oof othe obusiness
o isohighly oaggregated. oandomay obe overy odetailed.
Limited oto oaccrual oaccounting oand ocost Extends beyond accrual accounting
odata. system oto oany orelevant odata.
Generally oaccepted oaccounting oprinciples.
Copyright o© o2021 oJohn oWiley o& oSons, oInc. Weygandt, oManagerial oAccounting
o9e, oSolutions o Manual (For oInstructor oUse oOnly) 1-1
