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