SOLUTION MANUAL for Horngren's Accounting, 13th Edition Managerial by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1 to 9 covered

SOLUTION MANUAL HORNGREN’S ACCOUNTING,13TH
EDITION MANAGERIAL BY TRACIE MILLER-
NOBLES,,BRENDA MATTISION, ALL CHAPTER 1-19

,THE MANAGERIAL CHAPTERS
J J




1. Introduction to Managerial Accounting
J J J




2. Job Order Costing
J J




3. Process Costing
J




4. Cost-Volume-Profit Analysis J




5. Master Budgets
J




6. Flexible Budgets and Standard Cost Systems
J J J J J




7. Cost Allocation and Responsibility Accounting
J J J J




8. Short-Term Business Decisions
J J




9. Capital Investment Decisions
J J

,Chapter 1 J


Introduction to Managerial Accounting
J J J




Review Questions
J J




1. TheJprimaryJpurposeJofJmanagerialJaccountingJisJtoJprovideJinformationJtoJhelpJmanagersJplan,J
direct,Jcontrol,JandJmakeJdecisions.

2. FinancialJaccountingJandJmanagerialJaccountingJdifferJonJtheJfollowingJ6Jdimensions:J(1)JprimaryJ u
sers,J(2)JpurposeJofJinformation,J(3)JfocusJandJtimeJdimensionJofJtheJinformation,J(4)JrulesJandJ restric
tions,J(5)JscopeJofJinformation,JandJ(6)Jbehavioral.

3. LineJpositionsJareJdirectlyJinvolvedJinJprovidingJgoodsJorJservicesJtoJcustomers.JStaffJpositionsJ sup
portJlineJpositions.

4. PlanningJmeansJchoosingJgoalsJandJdecidingJhowJtoJachieveJthem.JDirectingJinvolvesJrunningJtheJday-J to-
dayJoperationsJofJaJbusiness.JControllingJisJtheJprocessJofJmonitoringJoperationsJandJkeepingtheJ compa
nyJonJtrack.

5. TheJfourJIMAJstandardsJofJethicalJpracticeJandJaJdescriptionJofJeachJfollow.
I. Competence.
MaintainJanJappropriateJlevelJofJprofessionalJleadershipJandJexpertiseJbyJenhancingJ k
nowledgeJandJskills.
PerformJprofessionalJdutiesJinJaccordanceJwithJrelevantJlaws,Jregulations,JandJtechnicalJ s
tandards.
ProvideJdecisionJsupportJinformationJandJrecommendationsJthatJareJaccurate,Jclear,Jconcise,J
andJtimely.
RecogniseJandJhelpJmangeJrisk.
II. Confidentiality.
KeepJinformationJconfidentialJexceptJwhenJdisclosureJisJauthorizedJorJlegallyJrequired.J Infor
mJallJrelevantJpartiesJregardingJappropriateJuseJofJconfidentialJinformation.J MonitorJtoJ ensur
eJcompliance.
JRefrainJfromJusingJconfidentialJinformationJforJunethicalJorJillegalJadvantage.

III. Integrity.
MitigateJactualJconflictsJofJinterest.JRegularlyJcommunicateJwithJbusinessJassociatesJtoJavoidJ app
arentJconflictsJofJinterest.J AdviseJallJpartiesJofJanyJpotentialJconflicts.
RefrainJfromJengagingJinJanyJconductJthatJwouldJprejudiceJcarryingJoutJdutiesJethically.

, AbstainJfromJengagingJinJorJsupportingJanyJactivityJthatJmightJdiscreditJtheJprofession.J Contr
ibuteJtoJaJpositiveJethicalJcultureJandJplaceJintegrityJofJtheJprofessionJaboveJpersonalJ intere
st.
5,Jcont.
IV. Credibility.
CommunicateJinformationJfairlyJandJobjectively.
ProvideJallJrelevantJinformationJthatJcouldJreasonablyJbeJexpectedJtoJinfluenceJanJintendedJ us
er’sJunderstandingJofJtheJreports,Janalyses,JorJrecommendations.
ReportJanyJdelaysJorJdeficienciesJinJinformation,Jtimeliness,Jprocessing,JorJinternalJcontrolsinJ con
formanceJwithJorganizationJpolicyJand/orJapplicableJlaw.
CommunicateJanyJprofessionalJlimitationsJorJotherJconstraintsJthatJwouldJprecludeJresponsi-
J bleJjudgmentJorJsuccessfulJperformanceJofJanJactivity.




6. ServiceJcompaniesJsellJtime,Jskills,JandJknowledge.J ExamplesJofJserviceJcompaniesJincludeJphoneJ servic
eJcompanies,Jbanks,JcleaningJserviceJcompanies,JaccountingJfirms,JlawJfirms,JmedicalJphysicians,J andJonl
ineJauctionJservices.

7. MerchandisingJcompaniesJresellJproductsJtheyJbuyJfromJsuppliers.JMerchandisersJkeepJanJinventoryofJ pr
oducts,JandJmanagersJareJaccountableJforJtheJpurchasing,Jstorage,JandJsaleJofJtheJproducts.JExamplesJ of
JmerchandisingJcompaniesJincludeJtoyJstores,JgroceryJstores,JandJclothingJstores.




8. MerchandisingJcompaniesJresellJproductsJtheyJpreviouslyJboughtJfromJsuppliers,JwhereasJ manufactur
ingJcompaniesJuseJlabor,Jequipment,Jsupplies,JandJfacilitiesJtoJconvertJrawJmaterialsJintoJ newJfinishedJ
products.JInJcontrastJtoJmerchandisingJcompanies,JmanufacturingJcompaniesJhaveJaJ broadJrangeJofJp
roductionJactivitiesJthatJrequireJtrackingJcostsJonJthreeJkindsJofJinventory.

9. TheJthreeJinventoryJaccountsJusedJbyJmanufacturingJcompaniesJareJRawJMaterialsJInventory,JWork-in-
J ProcessJInventory,JandJFinishedJGoodsJInventory.




RawJMaterialsJInventoryJincludesJmaterialsJusedJtoJmanufactureJaJproduct.JWork-in-
ProcessInventoryJ includesJgoodsJthatJhaveJbeenJstartedJinJtheJmanufacturingJprocessJbutJareJnotJyetJcom
plete.J FinishedJ GoodsJInventoryJincludesJcompletedJgoodsJthatJhaveJnotJyetJbeenJsold.

10. AJdirectJcostJisJaJcostJthatJcanJbeJeasilyJandJcost-
effectivelyJtracedJtoJaJcostJobjectJ(whichJisJanythingJ forJwhichJmanagersJwantJaJseparateJmeasureme
ntJofJcost).JAnJindirectJcostJisJaJcostJthatcannotJbeJ easilyJorJcost-effectivelyJtracedJtoJaJcostJobject.

11. TheJthreeJmanufacturingJcostsJforJaJmanufacturingJcompanyJareJdirectJmaterials,JdirectJlabor,JandJ ma
nufacturingJoverhead.JDirectJmaterialsJareJmaterialsJthatJbecomeJaJphysicalJpartJofJaJfinishedJ product
JandJwhoseJcostsJareJeasilyJtraceableJtoJtheJfinishedJproduct.J DirectJlaborJisJtheJlaborJcostJofJ theJemplo

yeesJwhoJconvertJmaterialsJintoJfinishedJproducts.JManufacturingJoverheadJincludesJallJ manufacturingJ
costsJexceptJdirectJmaterialsJandJdirectJlabor,JsuchJasJindirectJmaterials,JindirectJlabor,J factoryJdeprec
iation,JfactoryJrent,JandJfactoryJpropertyJtaxes.