Solutions Manual in9i
Managerial Accounting: Creating Value in a Dynamic
in9i in9i in9i in9i in9i in9i
Business Environment, 13th Edition by Hilton
ii in9i in9i in9i in9i in9i
Chapters 1 - 17 Complete
ii in9i in9i in9i in9i
, n9
Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Envi
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n9
ronmentiiChapter 2: Basic Cost Management Concepts n 9 n 9 n 9 n 9 n 9
Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environme
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
nt Chapter 4: Process Costing and
n9 n 9 n 9 n 9 n 9 n 9 Hybrid Product-Costing
n 9 n 9 Systems
Chapter 5: Activity- n 9 n 9
Based Costing and Management Chapter 6: Activity A
n 9 n 9 n 9 n9 n 9 n 9 n 9
nalysis, Cost Behavior, and Cost EstimationiiChapter 7
n 9 n 9 n 9 n 9 n9 n 9
: Cost-Volume-Profit Analysis
n 9 n 9
Chapter 8: Variable Costing and the Measurement of ESG and Quality
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
n 9 Costs Chapter 9: Financial
n9 n 9 n 9 n 9 Planning and n 9 n 9 Analysis: n 9 The Master Bud
n 9 n 9
get
Chapter 10: Standard n 9 n 9 n 9 Costing n 9 and Analysis of Direct Costs
n 9 n 9 n 9 n 9
Chapter 11: Flexible Budgeting and the Management of Overhead
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 and Support Activi
n 9 n 9
ty CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
n9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
Chapter 13: Investment Centers and Transfer Pricing
n 9 n 9 n 9 n 9 n 9 n 9 n 9
Chapter 14: Decision Making: Relevant Costs and Be
n 9 n 9 n 9 n 9 n 9 n 9 n 9
nefits Chapter 15: Target Costing and Cost Analysis
n9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
for Pricing DecisionsiiChapter 16: Capital Expenditure
n 9 n9 n 9 n 9 n 9 n 9
Decisions
Chapter 17: Allocation of Support Activity Costs and
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 Joint Costs n 9
Appendix I: The Sarbanes- n9 n 9 n 9
,Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
n 9 n 9 n 9 n 9 n 9 n9 n9 n 9 Compound Inte
n 9
rest and
n 9 n 9 the n 9 Concept of Present Value
n 9 n 9 n 9
Appendix III: Inventory Management
n9 n 9 n 9
, CHAPTER 1 n9
The Crucial Role of Managerial Accounting in a
n9 n9 n9 n9 n9 n9 n9
Dynamic Business Environment n9 n9
FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
n9 n9 n9 n9 n9 n9 n9 n9 n9 n 9
The focus-on-
n9
ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors ca
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
n use this list of ethical principles and standards to lead a class discussion. The discus
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
sion can also range to consideration of how these standards may have been violated
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
by accountants and managers involved in the various ethical scandals uncovered over th
n9 n9 n9 n9 n9 n9 n9 n 9 n9 n9 n9 n9
e past several years. It is also useful to discuss the pros and cons of the procedures that
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
IMA suggests for its members when they believe they know about ethical lapses in t
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
heir organizations.
n9
ANSWERS TO REVIEW QUESTIONS n9 n9 n9
1-1 The explosion in e-
n9 n9 n9
commerce will affect managers in significant ways. One effect will be a drasti
n9 n9 n9 n9 n9 n9 n9 n 9 n 9 n9 n9 n9
c reduction in paper work. Millions of transactions between businesses are no
n9 n9 n9 n 9 n 9 n9 n 9 n9 n9 n 9 n9
w being conducted electronically with no hard-
n9 n9 n9 n9 n9 n9
copy documentation. Along withthis method of communicating for business transa
n9 n9 n9 n9 n9 n9 n9 n9 n9
ctions comes the very significant issue of information security. Businesses nee
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
d to find ways to protect confidential information in their own computers, in c
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
loud computing data centers, and while moving across the internet, while
n9 n9 n9 n9 n9 n9 n 9 n 9 n 9 n 9 n 9
at the same time sharing the information necessary to complete transactions
n9 n9 n9 n 9 n 9 n 9 n 9 n9 n9 n9
. Another effect of e-
n9 n9 n9 n9
commerce is the dramatically increased speed with which business transacti
n9 n 9 n 9 n 9 n9 n9 n9 n9 n9
ons can be conducted. In addition, there will be dramatic changes in the way
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
managerial accounting procedures are carried out, one example being cloud-
n9 n9 n9 n9 n9 n9 n9 n9 n9
based budgeting, which is the enterprise-
n9 n9 n9 n9 n9 n9
wide and electronic completion of a company‘s budgeting process using cloud-
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
based software and data storage.
n9 n9 n9 n9
Managerial Accounting: Creating Value in a Dynamic
in9i in9i in9i in9i in9i in9i
Business Environment, 13th Edition by Hilton
ii in9i in9i in9i in9i in9i
Chapters 1 - 17 Complete
ii in9i in9i in9i in9i
, n9
Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Envi
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n9
ronmentiiChapter 2: Basic Cost Management Concepts n 9 n 9 n 9 n 9 n 9
Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environme
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
nt Chapter 4: Process Costing and
n9 n 9 n 9 n 9 n 9 n 9 Hybrid Product-Costing
n 9 n 9 Systems
Chapter 5: Activity- n 9 n 9
Based Costing and Management Chapter 6: Activity A
n 9 n 9 n 9 n9 n 9 n 9 n 9
nalysis, Cost Behavior, and Cost EstimationiiChapter 7
n 9 n 9 n 9 n 9 n9 n 9
: Cost-Volume-Profit Analysis
n 9 n 9
Chapter 8: Variable Costing and the Measurement of ESG and Quality
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
n 9 Costs Chapter 9: Financial
n9 n 9 n 9 n 9 Planning and n 9 n 9 Analysis: n 9 The Master Bud
n 9 n 9
get
Chapter 10: Standard n 9 n 9 n 9 Costing n 9 and Analysis of Direct Costs
n 9 n 9 n 9 n 9
Chapter 11: Flexible Budgeting and the Management of Overhead
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 and Support Activi
n 9 n 9
ty CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
n9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
Chapter 13: Investment Centers and Transfer Pricing
n 9 n 9 n 9 n 9 n 9 n 9 n 9
Chapter 14: Decision Making: Relevant Costs and Be
n 9 n 9 n 9 n 9 n 9 n 9 n 9
nefits Chapter 15: Target Costing and Cost Analysis
n9 n 9 n 9 n 9 n 9 n 9 n 9 n 9
for Pricing DecisionsiiChapter 16: Capital Expenditure
n 9 n9 n 9 n 9 n 9 n 9
Decisions
Chapter 17: Allocation of Support Activity Costs and
n 9 n 9 n 9 n 9 n 9 n 9 n 9 n 9 Joint Costs n 9
Appendix I: The Sarbanes- n9 n 9 n 9
,Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
n 9 n 9 n 9 n 9 n 9 n9 n9 n 9 Compound Inte
n 9
rest and
n 9 n 9 the n 9 Concept of Present Value
n 9 n 9 n 9
Appendix III: Inventory Management
n9 n 9 n 9
, CHAPTER 1 n9
The Crucial Role of Managerial Accounting in a
n9 n9 n9 n9 n9 n9 n9
Dynamic Business Environment n9 n9
FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
n9 n9 n9 n9 n9 n9 n9 n9 n9 n 9
The focus-on-
n9
ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors ca
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
n use this list of ethical principles and standards to lead a class discussion. The discus
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
sion can also range to consideration of how these standards may have been violated
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
by accountants and managers involved in the various ethical scandals uncovered over th
n9 n9 n9 n9 n9 n9 n9 n 9 n9 n9 n9 n9
e past several years. It is also useful to discuss the pros and cons of the procedures that
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
IMA suggests for its members when they believe they know about ethical lapses in t
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
heir organizations.
n9
ANSWERS TO REVIEW QUESTIONS n9 n9 n9
1-1 The explosion in e-
n9 n9 n9
commerce will affect managers in significant ways. One effect will be a drasti
n9 n9 n9 n9 n9 n9 n9 n 9 n 9 n9 n9 n9
c reduction in paper work. Millions of transactions between businesses are no
n9 n9 n9 n 9 n 9 n9 n 9 n9 n9 n 9 n9
w being conducted electronically with no hard-
n9 n9 n9 n9 n9 n9
copy documentation. Along withthis method of communicating for business transa
n9 n9 n9 n9 n9 n9 n9 n9 n9
ctions comes the very significant issue of information security. Businesses nee
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
d to find ways to protect confidential information in their own computers, in c
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
loud computing data centers, and while moving across the internet, while
n9 n9 n9 n9 n9 n9 n 9 n 9 n 9 n 9 n 9
at the same time sharing the information necessary to complete transactions
n9 n9 n9 n 9 n 9 n 9 n 9 n9 n9 n9
. Another effect of e-
n9 n9 n9 n9
commerce is the dramatically increased speed with which business transacti
n9 n 9 n 9 n 9 n9 n9 n9 n9 n9
ons can be conducted. In addition, there will be dramatic changes in the way
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
managerial accounting procedures are carried out, one example being cloud-
n9 n9 n9 n9 n9 n9 n9 n9 n9
based budgeting, which is the enterprise-
n9 n9 n9 n9 n9 n9
wide and electronic completion of a company‘s budgeting process using cloud-
n9 n9 n9 n9 n9 n9 n9 n9 n9 n9
based software and data storage.
n9 n9 n9 n9
