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

,TABLEOFCONTENTS B




Chapter1:ManagerialAccounting
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B Chapter 2: Job Order Costing
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Chapter2A:JobOrderCosting:Non-DebitandCreditApproach
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B Chapter 3: Process Costing
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Chapter3A:ProcessCosting:Non-DebitandCreditApproach
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B Chapter 4: Activity-Based Costing
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Chapter5:Cost-Volume-Profit
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Chapter6:Cost-Volume-ProfitAnalysis:AdditionalIssues Chapter 7:
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B Incremental Analysis B




Chapter8:Pricing
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Chapter9:BudgetaryPlanning
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Chapter10:BudgetaryControlandResponsibilityAccounting
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B Chapter 11: Standard Costs and Balanced Scorecard
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Chapter12:PlanningforCapitalInvestments
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B Chapter 13: Statement of Cash Flows
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,Chapter14:FinancialAnalysis
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CHAPTER 1 H




ManagerialAccounting B




LearningObjectives B




1. Identify the features of managerial accounting and the functions of management.
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2. Describe the classes of manufacturing costs and the differences between product an d
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B periodcosts.

3. Demonstrate how to compute cost of goods manufactured and prepare financial statem ents
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B for amanufacturer.
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4. Discuss trends in managerial accounting.
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ANSWERSTOQUESTIONS B B




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and f
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inancial information for managers and other internal users.
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(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
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service, merchandising, and manufacturing.
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LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Mana
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gement
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2. (a) Financial accounting is concerned primarily with external users such as stockholders, c
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reditors, and regulators. In contrast, managerial accounting is concerned primarily wi th
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internal users such as officers and managers.
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(b) Financial statements are the end product of financial accounting. These statements a re
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prepared quarterly and annually. In managerial accounting, internal reports may be
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prepared as frequently as needed.
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(c) The purpose of financial accounting is to provide general-
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purpose information for external users. The purpose of managerial accounting is to
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, provide special-purpose information for specific internal decisions.
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LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Mana
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gement
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3. Differences in the content of the reports are as follows:
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Financial Managerial
 Pertains to business as a whole and is
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B highly aggregated.
B andmay be very detailed.
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 Limited to accrual accounting and cost dat a.
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 Generallyaccepted accountingprinciples.
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accountingB




system to any relevant data. B B B B




Copyright © 2021 John WileyH& Sons, Inc.
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Weygandt, ManagerialHAccounting, 9e, Solutions Manual
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