Managerial Accounting Tools for Business Decision Making, 9th Edition Solution Manual by Jerry J. Weygandt, Paul D. Kimmel, Verified Chapters 1 - 14, Complete Newest Version

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Chapter 1: Managerial Accounting
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Chapter 2: Job Order Costing
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Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
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Chapter 3: Process Costing
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Chapter 3A: Process Costing: Non-Debit and Credit Approach
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Chapter 4: Activity-Based Costing
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Chapter 5: Cost-Volume-Profit
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Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
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Chapter 7: Incremental Analysis
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Chapter 8: Pricing
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Chapter 9: Budgetary Planning
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,Chapter 10: Budgetary Control and Responsibility Accounting
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Chapter 11: Standard Costs and Balanced Scorecard
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Chapter 12: Planning for Capital Investments
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Chapter 13: Statement of Cash Flows
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Chapter 14: Financial Analysis
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CHAPTER 1 TC




Managerial Accounting TC




Learning Objectives
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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 a
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nd periodcosts.
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3. Demonstrate how to compute cost of goods manufactured and prepare financial state
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ments for amanufacturer.
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, 4. Discuss trends in managerial accounting.
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ANSWERS TO QUESTIONS TC TC




1. (a) Not true. Managerial accounting is a field of accounting that provides economic an
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d financial 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 M
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anagement


2. (a) Financial accounting is concerned primarily with external users such as stockholders,
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TC creditors, and regulators. In contrast, managerial accounting is concerned primaril
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y with internal users such as officers and managers.
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(b) Financial statements are the end product of financial accounting. These statements
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Care prepared quarterly and annually. In managerial accounting, internal reports m
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ay be 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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TC 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 M
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anagement


3. Differences in the content of the reports are as follows:
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TC Financial TC Managerial
 Pertains to business as a whole and i TC TC TC TC TC TC TC  Pertains to subunits of the business TC TC TC TC TC T




shighly aggregated.
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 Limited to accrual accounting and cost dat
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a. accounting
 Generally accepted accounting principles. TC TC TC
system to any relevant data.
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Copyright © 2021 John Wiley & Sons, Inc.
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Weygandt, Managerial Accounting, 9e, Solutions Manual (For Instructor Use Only)
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