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

Chapter 1-9
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,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 Costing VD




4. Cost-Volume-Profit Analysis VD




5. Master BudgetsVD




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 DecisionsVD VD




9. Capital Investment Decisions
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,
, Chapter 1 VD




Introduction to Managerial Accounting VD VD VD




Review Questions VD




1. The primary purpose of managerial accounting is to provide information to help m
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anagers plan,direct, control, and make decisions.
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2. Financial accounting and managerial accounting differ on the following 6 dimensions:
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(1) primaryusers, (2) purpose of information, (3) focus and time dimension of the infor
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mation, (4) rules and restrictions, (5) scope of information, and (6) behavioral.
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3. Line positions are directly involved in providing goods or services to customers. Sta
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ff positionssupport line positions.
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4. Planning means choosing goals and deciding how to achieve them. Directing involves r
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unning the day-to-
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day operations of a business. Controlling is the process of monitoring operations and k
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eepingthe company on track.
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5. The four IMA standards of ethical practice and a description of each follow.
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I. Competence.
Maintain an appropriate level of professional leadership and expertise by
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Denhancingknowledge and skills. D
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Perform professional duties in accordance with relevant laws, regulations, an
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d technicalstandards.
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Provide decision support information and recommendations that are accurate, cl
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