Solutions Manual for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete

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Managerial Accounting: Creating Value in a Dynamic
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Business Environment, 13th Edition by Hilton
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Chapters 1 - 17 Complete
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Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Environ
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mentiiChapter 2: Basic Cost Management Concepts
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Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environment
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Chapter 4: Process Costing and
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Chapter 5: Activity-
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Based Costing and Management Chapter 6: Activity An
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alysis, Cost Behavior, and Cost EstimationiiChapter 7:
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Cost-Volume-Profit Analysis r r




Chapter 8: Variable Costing and the Measurement of ESG and Quality
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Costs Chapter 9: Financial
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Chapter 10: Standard Costing and Analysis of Direct Costs
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Chapter 11: Flexible Budgeting and the Management of Overhead
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CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
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Chapter 13: Investment Centers and Transfer Pricing C
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hapter 14: Decision Making: Relevant Costs and Benefi
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ts Chapter 15: Target Costing and Cost Analysis for P
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ricing DecisionsiiChapter 16: Capital Expenditure Decisio
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ns

Chapter 17: Allocation of Support Activity Costs and Joint Costs
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Appendix I: The Sarbanes-
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Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
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,st and
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Appendix III: Inventory Management
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, CHAPTER 1 rr




The Crucial Role of Managerial Accounting in a
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Dynamic Business Environment r rr




FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
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The focus-on-
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ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors can u
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se this list of ethical principles and standards to lead a class discussion. The discussion c
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an also range to consideration of how these standards may have been violated by accoun
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tants and managers involved in the various ethical scandals uncovered over the past sever
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al years. It is also useful to discuss the pros and cons of the procedures that IMA suggests
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for its members when they believe they know about ethical lapses in their organizations
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.

ANSWERS TO REVIEW QUESTIONS rr rr rr




1-1 The explosion in e- rr rr rr


commerce will affect managers in significant ways. One effect will be a drastic r
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eduction in paper work. Millions of transactions between businesses are now bei
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ng conducted electronically with no hard-
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copy documentation. Along withthis method of communicating for business transacti
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ons comes the very significant issue of information security. Businesses need to f
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ind ways to protect confidential information in their own computers, in cloud co
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mputing data centers, and while moving across the internet, while at the sam
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e time sharing the information necessary to complete transactions. Another eff
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ect of e- rr rr


commerce is the dramatically increased speed with which business transaction
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s can be conducted. In addition, there will be dramatic changes in the way manag
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erial accounting procedures are carried out, one example being cloud-
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based budgeting, which is the enterprise-
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wide and electronic completion of a company‘s budgeting process using cloud-
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based software and data storage. rr rr rr rr