Solution manual for Managerial Accounting 8th
x x x x x
x edition
by john wild, ken shaw, barbara chiappetta
x x x x x x
x Verified Chapter's 1 - 13 | Complete
x x x x x x
,TABLE OF CONTENTS x x x
Chapter x1: xManagerial xAccounting xConcepts xand xPrinciples
Chapter x2: xJob xOrder xCosting xand xAnalysis
Chapter x3: xProcess xCosting xand xAnalysis
Chapter x4: xActivity-Based xCosting xand xAnalysis
Chapter x5: xCost xBehavior xand xCost-Volume-Profit xAnalysis
Chapter x6: xVariable xCosting xand xAnalysis
Chapter x7: xMaster xBudgets xand xPlanning
Chapter x8: xFlexible xBudgets xand xStandard xCosts
Chapter x9: xPerformance xMeasurement xand xResponsibility xAccounting
Chapter x10: xRelevant xCosts xfor xManagerial xDecisions
Chapter x11: xCapital xBudgeting xand xInvestment xAnalysis
Chapter x12: xReporting xCash xFlows
Chapter x13: xAnalysis xof xFinancial xStatements
,Chapter 1 x
Managerial Accounting Concepts
x x
and Principles
x x
QUICK STUDIES
x
Quick xStudy x1-1 x(5 xminutes)
1. Its xprimary xusers xare xcompany xmanagersx.............................. Managerial
2. Itsxinformation xisxoften xavailable xonlyxafter xan xauditxisxcomplete x. Financial
3. Its xprimary xfocus xis xon xthe xorganization xas xa xwhole Financial
x..............
4. Its xprinciples xand xpractices xare xrelatively xflexible x................. Managerial
5. It xfocuses xmainly xon xpast xresults............................................. Financial
Quick xStudy x1-2 x(10 xminutes)
1. Indirect xcost
2. Direct xcost
3. Indirect xcost
4. Indirect xcost
5. Direct xcost
Quick xStudy x1-3 x(10 xminutes)
1. Direct xmaterials
2. Factory xoverhead
3. Direct xlabor
4. Factory xoverhead
5. Factory xoverhead
6. Direct xmaterials
, Quick xStudy x1-4 x(10 xminutes)
1. Product xcost
2. Period xcost
3. Product xcost
4. Period xcost
5. Product xcost
6. Period xcost
7. Period xcost
8. Product xcost
Quick xStudy x1-5 x(10 xminutes)
1. Prime xcost
2. Conversion xcost x(Glue xis xan xindirect xmaterial)
3. Both
4. Conversion xcost
5. Conversion xcost
6. Prime xcost
Quick xStudy x1-6 x(10 xminutes)
Ending xwork xin xprocess xinventory xis xcomputed xas:
Work xin xprocess xinventory, xbeginning x............... $ x 26,000
Direct xmaterials xusedx....................................... 74,000
Direct xlabor xusedx.............................................. 55,000
Factory xoverhead x............................................. x x 95,000
Total xmanufacturing xcosts x.............................. x224,000
Total xcost xof xwork xin xprocessx.............................. 250,000
Less xcost xof xgoods xmanufactured x...................... x 220,000
Work xin xprocess xinventory, xendingx..................... $ x30,000
x x x x x
x edition
by john wild, ken shaw, barbara chiappetta
x x x x x x
x Verified Chapter's 1 - 13 | Complete
x x x x x x
,TABLE OF CONTENTS x x x
Chapter x1: xManagerial xAccounting xConcepts xand xPrinciples
Chapter x2: xJob xOrder xCosting xand xAnalysis
Chapter x3: xProcess xCosting xand xAnalysis
Chapter x4: xActivity-Based xCosting xand xAnalysis
Chapter x5: xCost xBehavior xand xCost-Volume-Profit xAnalysis
Chapter x6: xVariable xCosting xand xAnalysis
Chapter x7: xMaster xBudgets xand xPlanning
Chapter x8: xFlexible xBudgets xand xStandard xCosts
Chapter x9: xPerformance xMeasurement xand xResponsibility xAccounting
Chapter x10: xRelevant xCosts xfor xManagerial xDecisions
Chapter x11: xCapital xBudgeting xand xInvestment xAnalysis
Chapter x12: xReporting xCash xFlows
Chapter x13: xAnalysis xof xFinancial xStatements
,Chapter 1 x
Managerial Accounting Concepts
x x
and Principles
x x
QUICK STUDIES
x
Quick xStudy x1-1 x(5 xminutes)
1. Its xprimary xusers xare xcompany xmanagersx.............................. Managerial
2. Itsxinformation xisxoften xavailable xonlyxafter xan xauditxisxcomplete x. Financial
3. Its xprimary xfocus xis xon xthe xorganization xas xa xwhole Financial
x..............
4. Its xprinciples xand xpractices xare xrelatively xflexible x................. Managerial
5. It xfocuses xmainly xon xpast xresults............................................. Financial
Quick xStudy x1-2 x(10 xminutes)
1. Indirect xcost
2. Direct xcost
3. Indirect xcost
4. Indirect xcost
5. Direct xcost
Quick xStudy x1-3 x(10 xminutes)
1. Direct xmaterials
2. Factory xoverhead
3. Direct xlabor
4. Factory xoverhead
5. Factory xoverhead
6. Direct xmaterials
, Quick xStudy x1-4 x(10 xminutes)
1. Product xcost
2. Period xcost
3. Product xcost
4. Period xcost
5. Product xcost
6. Period xcost
7. Period xcost
8. Product xcost
Quick xStudy x1-5 x(10 xminutes)
1. Prime xcost
2. Conversion xcost x(Glue xis xan xindirect xmaterial)
3. Both
4. Conversion xcost
5. Conversion xcost
6. Prime xcost
Quick xStudy x1-6 x(10 xminutes)
Ending xwork xin xprocess xinventory xis xcomputed xas:
Work xin xprocess xinventory, xbeginning x............... $ x 26,000
Direct xmaterials xusedx....................................... 74,000
Direct xlabor xusedx.............................................. 55,000
Factory xoverhead x............................................. x x 95,000
Total xmanufacturing xcosts x.............................. x224,000
Total xcost xof xwork xin xprocessx.............................. 250,000
Less xcost xof xgoods xmanufactured x...................... x 220,000
Work xin xprocess xinventory, xendingx..................... $ x30,000
