Solution manual for managerial accounting 8th edition by john wild ken shaw barbara chiappetta

Solution manual for Managerial Accounting 8th
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t edition
by john wild, ken shaw, barbara chiappetta
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t Verified Chapter's 1 - 13 | Complete
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,TABLE OF CONTENTS t t t




Chapter 1: Managerial Accounting Concepts and Principles
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Chapter 2: Job Order Costing and Analysis
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Chapter 3: Process Costing and Analysis
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Chapter 4: Activity-Based Costing and Analysis
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Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis
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Chapter 6: Variable Costing and Analysis
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Chapter 7: Master Budgets and Planning
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Chapter 8: Flexible Budgets and Standard Costs
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Chapter 9: Performance Measurement and Responsibility Accounting
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Chapter 10: Relevant Costs for Managerial Decisions
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Chapter 11: Capital Budgeting and Investment Analysis
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Chapter 12: Reporting Cash Flows
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Chapter 13: Analysis of Financial Statements
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,Chapter1 t




ManagerialAccountingConcepts and t t t




Principles
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QUICK STUDIES t




Quick Study1-1 (5 minutes)
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1. Itsprimaryusers are companymanagers..............................
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2. Itsinformationisoftenavailableonlyafteranauditiscomplete.
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3. Itsprimaryfocus is on the organization as a whole..............
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4. Itsprinciples and practicesare relativelyflexible.................
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5. It focuses mainlyon past results.............................................
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Quick Study1-2 (10 minutes)
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1. Indirectcost t




2. Directcost t




3. Indirectcost t




4. Indirectcost t




5. Directcost t




Quick Study1-3 (10 minutes)
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1. Directmaterials t




2. Factoryoverhead t




3. Directlabor t




4. Factoryoverhead t




5. Factoryoverhead t




6. Directmaterials t

, Quick Study1-4 (10 minutes)
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1. Productcost t




2. Periodcost t




3. Productcost t




4. Periodcost t




5. Productcost t




6. Periodcost t




7. Periodcost t




8. Productcost t




Quick Study1-5 (10 minutes)
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1. Primecost t




2. Conversioncost (Glue is an indirect material) t t t t t t




3. Both
4. Conversioncost t




5. Conversioncost t




6. Primecost t




Quick Study1-6 (10 minutes)
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Endingworkinprocessinventoryis computed as:
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Workin processinventory, beginning...............
t t t t t $ 26,000 t




Directmaterialsused.......................................
t t t 74,000
Directlabor used..............................................
t t t 55,000
Factoryoverhead............................................. t t t t 95,000
Totalmanufacturing costs..............................
t t t 224,000
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Totalcost of work in process..............................
t t t t t t 250,000
Lesscost of goods manufactured......................
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Workin processinventory, ending.....................
t t t t t $ 30,000 t