SOLUTION MANUAL
Horngren's Accounting, 13th Edition Managerial
by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1-9
,THE MANAGERIAL CHAPTERS
x3x2 x3x2
1. Introduction to Managerial Accounting
x3x2 x3x2 x3x2
2. Job Order Costing
x3x2 x3x2
3. Process Costing x3x2
4. Cost-Volume-Profit Analysis x3x2
5. Master Budgets x3x2
6. Flexible Budgets and Standard Cost Systems
x3x2 x3x2 x3x2 x3x2 x3x2
7. Cost Allocation and Responsibility Accounting
x3x2 x3x2 x3x2 x3x2
8. Short-Term Business Decisions
x3x2 x3x2
9. Capital Investment Decisions
x3x2 x3x2
,Chapter 1 x3x2
Introduction to Managerial Accounting
x3x2 x3x2 x3x2
Review Questions
x3x2
1. The x3x2primary x3x2purpose x3x2of x3x2managerial x3x2accounting x3x2is x3x2to x3x2provide x3x2information
x3x2to x3x2help x3x2managers x3x2plan,3
x2direct, x3x2control, x3x2and x3x2make x3x2decisions.
2. Financial x3x2accounting x3x2and x3x2managerial x3x2accounting x3x2differ x3x2on x3x2the x3x2following x3x26
x3x2dimensions: x3x2(1) x3x2primary3 x2users, x3x2(2) x3x2purpose x3x2of x3x2information, x3x2(3) x3x2focus x3x2and
x3x2time x3x2dimension x3x2of x3x2the x3x2information, x3x2(4) x3x2rules x3x2and x3x2restrictions, x3x2(5) x3x2scope x3x2of
x3x2information, x3x2and x3x2(6) x3x2behavioral.
3. Line x3x2positions x3x2are x3x2directly x3x2involved x3x2in x3x2providing x3x2goods x3x2or x3x2services x3x2to
x3x2customers. x3x2Staff x3x2positions3 x2support x3x2line x3x2positions.
4. Planning x3x2means x3x2choosing x3x2goals x3x2and x3x2deciding x3x2how x3x2to x3x2achieve x3x2them. x3x2Directing
x3x2involves x3x2running x3x2the x3x2day-to-day x3x2operations x3x2of x3x2a x3x2business. x3x2Controlling x3x2is x3x2the
x3x2process x3x2of x3x2monitoring x3x2operations x3x2and x3x2keeping3 x2the x3x2company x3x2on x3x2track.
5. The x3x2four x3x2IMA x3x2standards x3x2of x3x2ethical x3x2practice x3x2and x3x2a x3x2description x3x2of x3x2each x3x2follow.
I. Competence.
Maintain x3x2an x3x2appropriate x3x2level x3x2of x3x2professional x3x2leadership x3x2and
x3x2expertise x3x2by x3x2enhancing3 x2knowledge x3x2and x3x2skills.
Perform x3x2professional x3x2duties x3x2in x3x2accordance x3x2with x3x2relevant x3x2laws,
x3x2regulations, x3x2and x3x2technical3 x2standards.
Provide x3x2decision x3x2support x3x2information x3x2and x3x2recommendations x3x2that x3x2are
x3x2accurate, x3x2clear, x3x2concise,3 x2and x3x2timely.
Recognise x3x2and x3x2help x3x2mange x3x2risk.
II. Confidentiality.
Keep x3x2information x3x2confidential x3x2except x3x2when x3x2disclosure x3x2is x3x2authorized x3x2or
x3x2legally x3x2required.
Inform x3x2all x3x2relevant x3x2parties x3x2regarding x3x2appropriate x3x2use x3x2of x3x2confidential
x3x2information. x 3 x 2 Monitor x3x2to3 x2ensure x3x2compliance.
Refrain x3x2from x3x2using x3x2confidential x3x2information x3x2for x3x2unethical x3x2or x3x2illegal
x3x2advantage.
III. Integrity.
Mitigate x3x2actual x3x2conflicts x3x2of x3x2interest. x3x2Regularly x3x2communicate x3x2with x3x2business
x3x2associates x3x2to x3x2avoid3x2apparent x3x2conflicts x3x2of x3x2interest. x3x2 x3x2Advise x3x2all x3x2parties x3x2of
, x3x2any x3x2potential x3x2conflicts.
Refrain x3x2from x3x2engaging x3x2in x3x2any x3x2conduct x3x2that x3x2would x3x2prejudice x3x2carrying x3x2out
x3x2duties x3x2ethically.
Horngren's Accounting, 13th Edition Managerial
by Tracie Miller-Nobles, Brenda Mattison, All Chapter 1-9
,THE MANAGERIAL CHAPTERS
x3x2 x3x2
1. Introduction to Managerial Accounting
x3x2 x3x2 x3x2
2. Job Order Costing
x3x2 x3x2
3. Process Costing x3x2
4. Cost-Volume-Profit Analysis x3x2
5. Master Budgets x3x2
6. Flexible Budgets and Standard Cost Systems
x3x2 x3x2 x3x2 x3x2 x3x2
7. Cost Allocation and Responsibility Accounting
x3x2 x3x2 x3x2 x3x2
8. Short-Term Business Decisions
x3x2 x3x2
9. Capital Investment Decisions
x3x2 x3x2
,Chapter 1 x3x2
Introduction to Managerial Accounting
x3x2 x3x2 x3x2
Review Questions
x3x2
1. The x3x2primary x3x2purpose x3x2of x3x2managerial x3x2accounting x3x2is x3x2to x3x2provide x3x2information
x3x2to x3x2help x3x2managers x3x2plan,3
x2direct, x3x2control, x3x2and x3x2make x3x2decisions.
2. Financial x3x2accounting x3x2and x3x2managerial x3x2accounting x3x2differ x3x2on x3x2the x3x2following x3x26
x3x2dimensions: x3x2(1) x3x2primary3 x2users, x3x2(2) x3x2purpose x3x2of x3x2information, x3x2(3) x3x2focus x3x2and
x3x2time x3x2dimension x3x2of x3x2the x3x2information, x3x2(4) x3x2rules x3x2and x3x2restrictions, x3x2(5) x3x2scope x3x2of
x3x2information, x3x2and x3x2(6) x3x2behavioral.
3. Line x3x2positions x3x2are x3x2directly x3x2involved x3x2in x3x2providing x3x2goods x3x2or x3x2services x3x2to
x3x2customers. x3x2Staff x3x2positions3 x2support x3x2line x3x2positions.
4. Planning x3x2means x3x2choosing x3x2goals x3x2and x3x2deciding x3x2how x3x2to x3x2achieve x3x2them. x3x2Directing
x3x2involves x3x2running x3x2the x3x2day-to-day x3x2operations x3x2of x3x2a x3x2business. x3x2Controlling x3x2is x3x2the
x3x2process x3x2of x3x2monitoring x3x2operations x3x2and x3x2keeping3 x2the x3x2company x3x2on x3x2track.
5. The x3x2four x3x2IMA x3x2standards x3x2of x3x2ethical x3x2practice x3x2and x3x2a x3x2description x3x2of x3x2each x3x2follow.
I. Competence.
Maintain x3x2an x3x2appropriate x3x2level x3x2of x3x2professional x3x2leadership x3x2and
x3x2expertise x3x2by x3x2enhancing3 x2knowledge x3x2and x3x2skills.
Perform x3x2professional x3x2duties x3x2in x3x2accordance x3x2with x3x2relevant x3x2laws,
x3x2regulations, x3x2and x3x2technical3 x2standards.
Provide x3x2decision x3x2support x3x2information x3x2and x3x2recommendations x3x2that x3x2are
x3x2accurate, x3x2clear, x3x2concise,3 x2and x3x2timely.
Recognise x3x2and x3x2help x3x2mange x3x2risk.
II. Confidentiality.
Keep x3x2information x3x2confidential x3x2except x3x2when x3x2disclosure x3x2is x3x2authorized x3x2or
x3x2legally x3x2required.
Inform x3x2all x3x2relevant x3x2parties x3x2regarding x3x2appropriate x3x2use x3x2of x3x2confidential
x3x2information. x 3 x 2 Monitor x3x2to3 x2ensure x3x2compliance.
Refrain x3x2from x3x2using x3x2confidential x3x2information x3x2for x3x2unethical x3x2or x3x2illegal
x3x2advantage.
III. Integrity.
Mitigate x3x2actual x3x2conflicts x3x2of x3x2interest. x3x2Regularly x3x2communicate x3x2with x3x2business
x3x2associates x3x2to x3x2avoid3x2apparent x3x2conflicts x3x2of x3x2interest. x3x2 x3x2Advise x3x2all x3x2parties x3x2of
, x3x2any x3x2potential x3x2conflicts.
Refrain x3x2from x3x2engaging x3x2in x3x2any x3x2conduct x3x2that x3x2would x3x2prejudice x3x2carrying x3x2out
x3x2duties x3x2ethically.
