SOLUTION MANUAL
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,
,TABLE OF CONTENTS XZ XZ
Chapter 1: Managerial Accounting
xz xz xz
Chapter 2: Job Order Costing
xz xz xz xz
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
xz xz xz xz xz xz xz xz
Chapter 3: Process Costing
xz xz xz
Chapter 3A: Process Costing: Non-Debit and Credit Approach
xz xz xz xz xz xz xz
Chapter 4: Activity-Based Costing
xz xz xz
Chapter 5: Cost-Volume-Profit
xz xz
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
xz xz xz xz xz
Chapter 7: Incremental Analysis
xz xz xz
Chapter 8: Pricing
xz xz
Chapter 9: Budgetary Planning
xz xz xz
Chapter 10: Budgetary Control and Responsibility Accounting
xz xz xz xz xz xz
Chapter 11: Standard Costs and Balanced Scorecard
xz xz xz xz xz xz
Chapter 12: Planning for Capital Investments
xz xz xz xz xz
Chapter 13: Statement of Cash Flows
xz xz xz xz xz
,Chapter 14: Financial Analysis xz xz xz
CHAPTER 1 xz
Managerial Accounting xz
Learning Objectives xz
1. Identify the features of managerial accounting and the functions of management.
xz xz xz xz xz xz xz xz xz xz
2. Describe the classes of manufacturing costs and the differences between product and
xz xz xz xz xz xz xz xz xz xz xz xz
periodcosts. zx
3. Demonstrate how to compute cost of goods manufactured and prepare financial stateme
xz xz xz xz xz xz xz xz xz xz xz
nts for amanufacturer.
xz xz zx
4. Discuss trends in managerial accounting.
xz xz xz xz
ANSWERS TO QUESTIONS xz xz
1. (a) Not true. Managerial accounting is a field of accounting that provides economic and fin
xz xz xz xz xz xz xz xz xz xz xz xz xz xz
ancial information for managers and other internal users.
xz xz xz xz xz xz xz
(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
xz xz xz xz xz xz xz xz xz xz
service, merchandising, and manufacturing. xz xz xz
LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Manag
x z xz x z xz x z xz xz xzxz xz x z xz xz xz xz xz xz xz xz
ement
2. (a) Financial accounting is concerned primarily with external users such as stockholders, cr
xz xz xz xz xz xz xz xz xz xz xz xz
editors, and regulators. In contrast, managerial accounting is concerned primarily with
xz xz xz xz xz xz xz xz xz xz x
internal users such as officers and managers.
z xz xz xz xz xz xz
(b) Financial statements are the end product of financial accounting. These statements ar
xz xz xz xz xz xz xz xz xz xz xz
e prepared quarterly and annually. In managerial accounting, internal reports may b
xz xz xz xz xz xz xz xz xz x z x z
e prepared as frequently as needed.
xz xz xz xz xz
(c) The purpose of financial accounting is to provide general-
xz xz xz xz xz xz xz xz
purpose information for external users. The purpose of managerial accounting is to pr
xz xz xz xz xz xz xz xz xz xz xz xz
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,
,TABLE OF CONTENTS XZ XZ
Chapter 1: Managerial Accounting
xz xz xz
Chapter 2: Job Order Costing
xz xz xz xz
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
xz xz xz xz xz xz xz xz
Chapter 3: Process Costing
xz xz xz
Chapter 3A: Process Costing: Non-Debit and Credit Approach
xz xz xz xz xz xz xz
Chapter 4: Activity-Based Costing
xz xz xz
Chapter 5: Cost-Volume-Profit
xz xz
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
xz xz xz xz xz
Chapter 7: Incremental Analysis
xz xz xz
Chapter 8: Pricing
xz xz
Chapter 9: Budgetary Planning
xz xz xz
Chapter 10: Budgetary Control and Responsibility Accounting
xz xz xz xz xz xz
Chapter 11: Standard Costs and Balanced Scorecard
xz xz xz xz xz xz
Chapter 12: Planning for Capital Investments
xz xz xz xz xz
Chapter 13: Statement of Cash Flows
xz xz xz xz xz
,Chapter 14: Financial Analysis xz xz xz
CHAPTER 1 xz
Managerial Accounting xz
Learning Objectives xz
1. Identify the features of managerial accounting and the functions of management.
xz xz xz xz xz xz xz xz xz xz
2. Describe the classes of manufacturing costs and the differences between product and
xz xz xz xz xz xz xz xz xz xz xz xz
periodcosts. zx
3. Demonstrate how to compute cost of goods manufactured and prepare financial stateme
xz xz xz xz xz xz xz xz xz xz xz
nts for amanufacturer.
xz xz zx
4. Discuss trends in managerial accounting.
xz xz xz xz
ANSWERS TO QUESTIONS xz xz
1. (a) Not true. Managerial accounting is a field of accounting that provides economic and fin
xz xz xz xz xz xz xz xz xz xz xz xz xz xz
ancial information for managers and other internal users.
xz xz xz xz xz xz xz
(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
xz xz xz xz xz xz xz xz xz xz
service, merchandising, and manufacturing. xz xz xz
LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Manag
x z xz x z xz x z xz xz xzxz xz x z xz xz xz xz xz xz xz xz
ement
2. (a) Financial accounting is concerned primarily with external users such as stockholders, cr
xz xz xz xz xz xz xz xz xz xz xz xz
editors, and regulators. In contrast, managerial accounting is concerned primarily with
xz xz xz xz xz xz xz xz xz xz x
internal users such as officers and managers.
z xz xz xz xz xz xz
(b) Financial statements are the end product of financial accounting. These statements ar
xz xz xz xz xz xz xz xz xz xz xz
e prepared quarterly and annually. In managerial accounting, internal reports may b
xz xz xz xz xz xz xz xz xz x z x z
e prepared as frequently as needed.
xz xz xz xz xz
(c) The purpose of financial accounting is to provide general-
xz xz xz xz xz xz xz xz
purpose information for external users. The purpose of managerial accounting is to pr
xz xz xz xz xz xz xz xz xz xz xz xz
