Solution manual for managerial accounting 18th edition by ray garrison eric noreen and peter brewer 3.pdf9781265615925

Solution Manual for Managerial Accounting, 18th Edition By Ray Gar
gf gf gf gf gf gf gf gf gf


rison, Eric Noreen and Peter Brewer Verified Chapter's 1 –
gf gf gf gf gf gf gf gf gf


16 Complete
gf gf

,Table of Contents
gf gf




ChaptergfOne:gfManagerialgfAccountinggfandgfCostgfConcepts

ChaptergfTwo:gfJob-OrdergfCosting:gfCalculatinggfUnitgfProductgfCosts

ChaptergfThree:gfJob-OrdergfCosting:gfCostgfFlowsgfandgfExternalgfReporting

ChaptergfFour:gfProcessgfCosting

ChaptergfFive:gfCost-Volume-ProfitgfRelationships

ChaptergfSix:gfVariablegfCostinggfandgfSegmentgfReporting:gfToolsgfforgfManagement

ChaptergfSeven:gfActivity-BasedgfCosting:gfAgfToolgftogfAidgfDecisiongfMaking

ChaptergfEight:gfMastergfBudgeting

ChaptergfNine:gfFlexiblegfBudgetsgfandgfPerformancegfAnalysis

ChaptergfTen:gfStandardgfCostsgfandgfVariances

ChaptergfEleven:gfResponsibilitygfAccountinggfSystems

ChaptergfTwelve:gfStrategicgfPerformancegfMeasurement

ChaptergfThirteen:gfDifferentialgfAnalysis:gfThegfKeygftogfDecisiongfMaking

ChaptergfFourteen:gfCapitalgfBudgetinggfDecisions

ChaptergfFifteen:gfStatementgfofgfCashgfFlows

ChaptergfSixteen:gfFinancialgfStatementgfAnalysis

,Chapter 1 gf




Managerial Accounting and Cost Concepts
gf gf gf gf




Questions


1-1 Thegfthreegfmajorgftypesgfofgfproductgfcost 1-4
sgfingfagfmanufacturinggfcompanygfaregfdirectgfmat a. Variablegfcost:gfThegfvariablegfcostgfpergfunitgfi
erials,gfdirectgflabor,gfandgfmanufacturinggfoverhe sgfconstant,gfbutgftotalgfvariablegfcostgfchange
ad. sgfingfdirectgfproportiongftogfchangesgfingfvolu
me.
1-2 b. Fixedgfcost:gfThegftotalgffixedgfcostgfisgfconstant
a. Directgfmaterialsgfaregfangfintegralgfpartgfofgf gfwithingfthegfrelevantgfrange.gfThegfaveragegffixe

agffinishedgfproductgfandgftheirgfcostsgfcangfbegfco dgfcostgfpergfunitgfvariesgfinverselygfwithgfchang
nvenientlygftracedgftogfit. esg f ingfvolume.
b. Indirectgfmaterialsgfaregfgenerallygfsmallgfite c. Mixedgfcost:gfAgfmixedgfcostgfcontainsgfbot
msgfofgfmaterialgfsuchgfasgfgluegfandgfnails.gfTheygfm hgfvariablegfandgffixedgfcostgfelements.
aygfbegfangfintegralgfpartgfofgfagffinishedgfproductgfbut
gftheirgfcostsgfcangfbegftracedgftogfthegfproductgfonlygf 1-5
atgfgreatgfcostgforgfinconvenience. a. Unitgffixedgfcostsgfdecreasegfasgfthegfactivitygflev
c. Directgflaborgfconsistsgfofgflaborgfcostsgftha elgfincreases.
tgfcangfbegfeasilygftracedgftogfparticulargfproducts b. Unitgfvariablegfcostsgfremaingfconstantgfasgfth
. egfactivitygflevelgfincreases.
Directgflaborgfisgfalsogfcalledgf―touchgflabor.‖ c. Totalgffixedgfcostsgfremaingfconstantgfasgfth
d. Indirectgflaborgfconsistsgfofgfthegflaborgfcost egfactivitygflevelgfincreases.
sgfofgfjanitors,gfsupervisors,gfmaterialsgfhandlers,gfa d. Totalgfvariablegfcostsgfincreasegfasgfthegfactivit
ndgfothergffactorygfworkersgfthatgfcannotgfbegfconv ygflevelgfincreases.
enientlygftracedgftogfparticulargfproducts.gfThesegfl
aborgfcostsgfaregfincurredgftogfsupportgfproduction 1-6
,gfbutgfthegfworkersgfinvolvedgfdogfnotgfdirectlygfwo a. Costgfbehavior:gfCostgfbehaviorgfrefersgftogfth
rkgfongfthegfproduct. egfwaygfingfwhichgfcostsgfchangegfingfresponse
e. Manufacturinggfoverheadgfincludesgfallgfma gftogfchangesgfingfagfmeasuregfofgfactivitygfsuc

nufacturinggfcostsgfexceptgfdirectgfmaterialsgfandgfd hgfasgfsalesgfvolume,gfproductiongfvolume,gforgf
irectgflabor.gfConsequently,gfmanufacturinggfoverh ordersgfprocessed.
eadgfincludesgfindirectgfmaterialsgfandgfindirectgflabo b. Relevantgfrange:gfThegfrelevantgfrangegfisgfth
rgfasgfwellgfasgfothergfmanufacturinggfcosts. egfrangegfofgfactivitygfwithingfwhichgfassumpti
onsgfaboutgfvariablegfandgffixedgfcostgfbehavi
1-3 orgfaregfvalid.
Agfproductgfcostgfisgfanygfcostgfinvolvedgfingf
purchasinggforgfmanufacturinggfgoods.gfIngfthegfcas 1-7 Angfactivitygfbasegfisgfagfmeasuregfofgfw
egfofgfmanufacturedgfgoods,gfthesegfcostsgfconsistgf hatevergfcausesgfthegfincurrencegfofgfagfvariableg
ofgfdirectgfmaterials,gfdirectgflabor,gfandgfmanufactu fcost.gfExamplesgfofgfactivitygfbasesgfincludegfunit

ringgfoverhead.gfAgfperiodgfcostgfisgfagfcostgfthatgfisgf sgfproduced,gfunitsgfsold,gflettersgftyped,gfbedsgfi
takengfdirectlygftogfthegfincomegfstatementgfasgfangf ngfagfhospital,gfmealsgfservedgfingfagfcafe,gfservic
expensegfingfthegfperiodgfingfwhichgfitgfisgfincurred. egfcallsgfmade,gfetc.

, 1-8 Thegflineargfassumptiongfisgfreasonablygf
validgfprovidinggfthatgfthegfcostgfformulagfisgfusedgfo
nlygfwithingfthegfrelevantgfrange.