Solutions Manual for Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete

Solutions Manual infi




Managerial Accounting: Creating Value in a Dynamic
infi infi infi infi infi infi




Business Environment, 13th Edition by Hilton
ii infi infi infi infi infi




Chapters 1 - 17 Complete
ii infi infi infi infi

, nf




Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Enviro
n f n f n f n f n f n f n f n f n f n f n f nf




nmentiiChapter 2: Basic Cost Management Conceptsn f n f n f n f n f




Chapter 3: Product Costing and Cost Accumulation in a Batch Production Environment
n f n f n f n f n f n f n f n f n f n f n f




nf Chapter 4: Process Costing and
n f n f n f n f n f Hybrid Product-Costing n f n f Systems

Chapter 5: Activity- n f n f




Based Costing and Management Chapter 6: Activity A
n f n f n f nf n f n f n f




nalysis, Cost Behavior, and Cost EstimationiiChapter 7:
n f n f n f n f nf n f




n f Cost-Volume-Profit Analysis n f




Chapter 8: Variable Costing and the Measurement of ESG and Quality
n f n f n f n f n f n f n f n f n f n f n f




Costs Chapter 9: Financial
nf n f n f n f Planning and n f n f Analysis: n f The Master Budget
n f n f




Chapter 10: Standard Costing and Analysis of Direct Costs
n f n f n f n f n f n f n f n f




Chapter 11: Flexible Budgeting and the Management of Overhead
n f n f n f n f n f n f n f n f n f and Support Activity
n f n f




nf CostsiiChapter 12: Responsibility Accounting and the Balanced Scorecard
n f n f n f n f n f n f n f




Chapter 13: Investment Centers and Transfer Pricing
n f n f n f n f n f n f n f




Chapter 14: Decision Making: Relevant Costs and Ben
n f n f n f n f n f n f n f




efits Chapter 15: Target Costing and Cost Analysis for
nf n f n f n f n f n f n f n f




n f Pricing DecisionsiiChapter 16: Capital Expenditure Deci
nf n f n f n f n f




sions

Chapter 17: Allocation of Support Activity Costs and Joint Costs
n f n f n f n f n f n f n f n f n f




Appendix I: The Sarbanes- nf n f n f




Oxley Act, Internal Controls, and Management AccountingiiAppendix II:
n f n f n f n f n f nf nf n f Compound Inter n f

,est and
n f n f the n f Concept of Present Value
n f n f n f




Appendix III: Inventory Management
nf n f n f

, CHAPTER 1 nf




The Crucial Role of Managerial Accounting in a
nf nf nf nf nf nf nf




Dynamic Business Environment nf nf




FOCUS ON ETHICS (Located before the Chapter Summary in the text.)
nf nf nf nf nf nf nf nf nf n f




The focus-on-
nf


ethics inset for Chapter 1 is the IMA Statement of Ethical Professional Practice. Instructors can
nf nf nf nf nf nf nf nf nf nf nf nf nf nf nf


use this list of ethical principles and standards to lead a class discussion. The discussio
nf nf nf nf nf nf nf nf nf nf nf nf nf nf


n can also range to consideration of how these standards may have been violated by a
nf nf nf nf nf nf nf nf nf nf nf nf nf nf nf


ccountants and managers involved in the various ethical scandals uncovered over the pa
nf nf nf nf nf nf n f nf nf nf nf nf


st several years. It is also useful to discuss the pros and cons of the procedures that IMA
nf nf nf nf nf nf nf nf nf nf nf nf nf nf nf nf nf


suggests for its members when they believe they know about ethical lapses in their or
nf nf nf nf nf nf nf nf nf nf nf nf nf nf nf


ganizations.

ANSWERS TO REVIEW QUESTIONS n f nf nf




1-1 The explosion in e-
nf nf nf


commerce will affect managers in significant ways. One effect will be a drastic
nf nf nf nf nf nf nf n f n f nf nf nf


reduction in paper work. Millions of transactions between businesses are now
nf nf nf n f n f nf n f nf nf n f nf nf


being conducted electronically with no hard-
nf nf nf nf nf


copy documentation. Along withthis method of communicating for business transac
nf nf nf nf nf nf nf nf nf


tions comes the very significant issue of information security. Businesses need t
nf nf nf nf nf nf nf nf nf nf nf


o find ways to protect confidential information in their own computers, in clou
nf nf nf nf nf nf nf nf nf nf nf nf


d computing data centers, and while moving across the internet, while at th
nf nf nf nf nf nf n f n f n f n f n f nf


e same time sharing the information necessary to complete transactions. Ano
nf nf n f n f n f n f nf nf nf nf


ther effect of e-
nf nf nf


commerce is the dramatically increased speed with which business transactio
nf n f n f n f nf nf nf nf nf


ns can be conducted. In addition, there will be dramatic changes in the way ma
nf nf nf nf nf nf nf nf nf nf nf nf nf nf


nagerial accounting procedures are carried out, one example being cloud-
nf nf nf nf nf nf nf nf nf


based budgeting, which is the enterprise-
nf nf nf nf nf nf


wide and electronic completion of a company‘s budgeting process using cloud-
nf nf nf nf nf nf nf nf nf nf


based software and data storage.
nf nf nf nf