Solutions mManual
Managerial mAccounting: mCreating mValue min ma
mDynamic mBusiness mEnvironment, m13th
mEdition mby mHilton mChapters m1 m- m17
mComplete
,TABLE mOF mCONTENTS
Chapter m1: mThe mChanging mRole mof mManagerial mAccounting min ma
mDynamic mBusiness mEnvironmentmChapter m2: mBasic mCost mManagement
mConcepts
Chapter m3: mProduct mCosting mand mCost mAccumulation min ma mBatch
mProduction mEnvironmentmChapter m4: mProcess mCosting mand mHybrid
mProduct-Costing mSystems
Chapter m5: mActivity-Based mCosting mand mManagement
Chapter m6: mActivity mAnalysis, mCost mBehavior,
mand mCost mEstimationmChapter m7: mCost-Volume-
Profit mAnalysis
Chapter m8: mVariable mCosting mand mthe mMeasurement mof mESG
mand mQuality mCostsmChapter m9: mFinancial mPlanning mand
mAnalysis: mThe mMaster mBudget
Chapter m10: mStandard mCosting mand mAnalysis mof mDirect mCosts
Chapter m11: mFlexible mBudgeting mand mthe mManagement mof mOverhead
mand mSupport mActivity mCostsmChapter m12: mResponsibility mAccounting
mand mthe mBalanced mScorecard
Chapter m13: mInvestment mCenters mand mTransfer
mPricing mChapter m14: mDecision mMaking:
mRelevant mCosts mand mBenefits
Chapter m15: mTarget mCosting mand mCost mAnalysis
mfor mPricing mDecisionsmChapter m16: mCapital
mExpenditure mDecisions
Chapter m17: mAllocation mof mSupport mActivity mCosts mand mJoint mCosts
,Appendix mI: mThe mSarbanes-Oxley mAct, mInternal mControls, mand
mManagement mAccountingmAppendix mII: mCompound mInterest mand mthe
mConcept mof mPresent mValue
Appendix mIII: mInventory mManagement
, CHAPTER m1
The mCrucial mRole mof mManagerial
mAccounting min ma mDynamic mBusiness
mEnvironment
FOCUS mON mETHICS m(Located mbefore mthe mChapter mSummar
min mthe mtext.)
The mfocus-on-ethics minset mfor mChapter m1 mis mthe mIMA mStatement mof mEthical
mProfessional mPractice. mInstructors mcan muse mthis mlist mof methical
m principles m and mstandards mto mlead ma mclass mdiscussion. mThe
mdiscussion mcan malso mrange mto mconsideration mof mhow mthese
mstandards mmay mhave mbeen mviolated mby maccountants mand mmanagers
minvolved min mthe mvarious m ethical mscandals muncovered mover mthe mpast
mseveral myears. mIt mis malso museful mto mdiscuss mthe mpros mand mcons mof
mthe mprocedures mthat mIMA msuggests mfor mits mmembers mwhen mthey
mbelieve mthey mknow mabout methical mlapses min mtheir morganizations.
ANSWERS mTO mREVIEW mQUESTIONS
1-1 The mexplosion m in m e-commerce m will m affect m managers min
m significant m ways. m One m effect m will mbe ma mdrastic mreduction min
mpaper m work. m Millions mof m transactions mbetween m businesses m are
mnow mbeing mconducted melectronically mwith mno mhard-copy
mdocumentation. mAlong mwith mthis mmethod mof mcommunicating mfor
mbusiness mtransactions mcomes mthe mvery msignificant missue mof
minformation msecurity. mBusinesses mneed mto mfind mways mto mprotect
mconfidential minformation min mtheir mown mcomputers, min mcloud
mcomputing mdata mcenters, mand mwhile mmoving m across m the
m internet, m while m at mthe m same m time m sharing m the m information
m necessary mto mcomplete mtransactions. mAnother meffect mof me-commerce
mis m the m dramatically m increased mspeed mwith mwhich mbusiness
mtransactions mcan mbe mconducted. mIn maddition, mthere mwill mbe
mdramatic mchanges min mthe mway mmanagerial maccounting mprocedures
mare mcarried mout, mone mexample mbeing mcloud-based mbudgeting,
mwhich mis mthe menterprise-wide mand melectronic mcompletion mof ma
mcompany’s mbudgeting mprocess musing mcloud-based msoftware mand
mdata mstorage.
Managerial mAccounting: mCreating mValue min ma
mDynamic mBusiness mEnvironment, m13th
mEdition mby mHilton mChapters m1 m- m17
mComplete
,TABLE mOF mCONTENTS
Chapter m1: mThe mChanging mRole mof mManagerial mAccounting min ma
mDynamic mBusiness mEnvironmentmChapter m2: mBasic mCost mManagement
mConcepts
Chapter m3: mProduct mCosting mand mCost mAccumulation min ma mBatch
mProduction mEnvironmentmChapter m4: mProcess mCosting mand mHybrid
mProduct-Costing mSystems
Chapter m5: mActivity-Based mCosting mand mManagement
Chapter m6: mActivity mAnalysis, mCost mBehavior,
mand mCost mEstimationmChapter m7: mCost-Volume-
Profit mAnalysis
Chapter m8: mVariable mCosting mand mthe mMeasurement mof mESG
mand mQuality mCostsmChapter m9: mFinancial mPlanning mand
mAnalysis: mThe mMaster mBudget
Chapter m10: mStandard mCosting mand mAnalysis mof mDirect mCosts
Chapter m11: mFlexible mBudgeting mand mthe mManagement mof mOverhead
mand mSupport mActivity mCostsmChapter m12: mResponsibility mAccounting
mand mthe mBalanced mScorecard
Chapter m13: mInvestment mCenters mand mTransfer
mPricing mChapter m14: mDecision mMaking:
mRelevant mCosts mand mBenefits
Chapter m15: mTarget mCosting mand mCost mAnalysis
mfor mPricing mDecisionsmChapter m16: mCapital
mExpenditure mDecisions
Chapter m17: mAllocation mof mSupport mActivity mCosts mand mJoint mCosts
,Appendix mI: mThe mSarbanes-Oxley mAct, mInternal mControls, mand
mManagement mAccountingmAppendix mII: mCompound mInterest mand mthe
mConcept mof mPresent mValue
Appendix mIII: mInventory mManagement
, CHAPTER m1
The mCrucial mRole mof mManagerial
mAccounting min ma mDynamic mBusiness
mEnvironment
FOCUS mON mETHICS m(Located mbefore mthe mChapter mSummar
min mthe mtext.)
The mfocus-on-ethics minset mfor mChapter m1 mis mthe mIMA mStatement mof mEthical
mProfessional mPractice. mInstructors mcan muse mthis mlist mof methical
m principles m and mstandards mto mlead ma mclass mdiscussion. mThe
mdiscussion mcan malso mrange mto mconsideration mof mhow mthese
mstandards mmay mhave mbeen mviolated mby maccountants mand mmanagers
minvolved min mthe mvarious m ethical mscandals muncovered mover mthe mpast
mseveral myears. mIt mis malso museful mto mdiscuss mthe mpros mand mcons mof
mthe mprocedures mthat mIMA msuggests mfor mits mmembers mwhen mthey
mbelieve mthey mknow mabout methical mlapses min mtheir morganizations.
ANSWERS mTO mREVIEW mQUESTIONS
1-1 The mexplosion m in m e-commerce m will m affect m managers min
m significant m ways. m One m effect m will mbe ma mdrastic mreduction min
mpaper m work. m Millions mof m transactions mbetween m businesses m are
mnow mbeing mconducted melectronically mwith mno mhard-copy
mdocumentation. mAlong mwith mthis mmethod mof mcommunicating mfor
mbusiness mtransactions mcomes mthe mvery msignificant missue mof
minformation msecurity. mBusinesses mneed mto mfind mways mto mprotect
mconfidential minformation min mtheir mown mcomputers, min mcloud
mcomputing mdata mcenters, mand mwhile mmoving m across m the
m internet, m while m at mthe m same m time m sharing m the m information
m necessary mto mcomplete mtransactions. mAnother meffect mof me-commerce
mis m the m dramatically m increased mspeed mwith mwhich mbusiness
mtransactions mcan mbe mconducted. mIn maddition, mthere mwill mbe
mdramatic mchanges min mthe mway mmanagerial maccounting mprocedures
mare mcarried mout, mone mexample mbeing mcloud-based mbudgeting,
mwhich mis mthe menterprise-wide mand melectronic mcompletion mof ma
mcompany’s mbudgeting mprocess musing mcloud-based msoftware mand
mdata mstorage.
