Managerial Accounting Tools for Business Decision Making, 9th Edition Solution Manual by Jerry J. Weygandt, Paul D. Kimmel, Verified Chapters 1 - 14, Complete Newest Version

SOLUTION MANUAL b




Managerial Accounting Tools for Business Decision
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Making b b




9th Edition by Jerry J. Weygandt, Paul D. Kimmel
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Chapters 1 - 14, Complete
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,TABLE OF CONTENTS B B




Chapter 1: Managerial Accounting
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Chapter 2: Job Order Costing
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Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
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Chapter 3: Process Costing
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Chapter 3A: Process Costing: Non-Debit and Credit Approach
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Chapter 4: Activity-Based Costing
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Chapter 5: Cost-Volume-Profit
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Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
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Chapter 7: Incremental Analysis
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Chapter 8: Pricing
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Chapter 9: Budgetary Planning
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Chapter 10: Budgetary Control and Responsibility Accounting
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Chapter 11: Standard Costs and Balanced Scorecard
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Chapter 12: Planning for Capital Investments
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Chapter 13: Statement of Cash Flows
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,Chapter 14: Financial Analysis
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CHAPTER 1 b




Managerial Accounting b




Learning Objectives b




1. Identify the features of managerial accounting and the functions of management.
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2. Describe the classes of manufacturing costs and the differences between product
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band periodcosts.
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3. Demonstrate how to compute cost of goods manufactured and prepare financial
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bstatements for amanufacturer. b b b




4. Discuss trends in managerial accounting.
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ANSWERS TO QUESTIONS b b




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and
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financial information for managers and other internal users.
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(b) Joe is incorrect. Managerial accounting applies to all types of businesses—service,
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merchandising, and manufacturing.
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LO1 b BT: bC b Difficulty: bEasy b TOT: b3 bmin. b bAACSB: bNone b AICPA b FC: b Measurement, bAnalysis band bInterpretation bIMA: bCost
bManagement




2. (a) Financial accounting is concerned primarily with external users such as stockholders,
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creditors, and regulators. In contrast, managerial accounting is concerned primarily
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with internal users such as officers and managers.
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(b) Financial statements are the end product of financial accounting. These statements
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are prepared quarterly and annually. In managerial accounting, internal reports
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may be prepared as frequently as needed.
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(c) The purpose of financial accounting is to provide general-purpose information for
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external users. The purpose of managerial accounting is to provide special-purpose
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, information for specific internal decisions.
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LO1 b BT: bC b Difficulty: bEasy b TOT: b5 bmin. b bAACSB: bNone b AICPA bFC: b Measurement, bAnalysis band bInterpretation bIMA: bCost
bManagement




3. Differences in the content of the reports are as follows:
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b Financial b Managerial
 Pertains to business as a whole and
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ishighly aggregated.
b b b andmay be very detailed.
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 Limited to accrual accounting and cost
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data.
b accounting
 Generally accepted accounting principles.
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system to any relevant data.
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Copyright b© b2021 bJohn bWiley b& bSons, bInc. Weygandt, bManagerial
b Accounting, b9e, bSolutions b Manual (For bInstructor bUse bOnly) 1-1