Solution Manual For Managerial Accounting 8th Edition By John Wild, Ken Shaw, Barbara Chiappetta

Solution manual for Managerial Accounting 8th
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b edition
by john wild, ken shaw, barbara chiappetta
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Verified Chapter's 1 - 13 | Complete
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,TABLE OF CONTENTS b b b




Chapter 1: Managerial Accounting Concepts and Principles
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Chapter 2: Job Order Costing and Analysis
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Chapter 3: Process Costing and Analysis
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Chapter 4: Activity-Based Costing and Analysis
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Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis
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Chapter 6: Variable Costing and Analysis
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Chapter 7: Master Budgets and Planning
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Chapter 8: Flexible Budgets and Standard Costs
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Chapter 9: Performance Measurement and Responsibility Accounting
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Chapter 10: Relevant Costs for Managerial Decisions
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Chapter 11: Capital Budgeting and Investment Analysis
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Chapter 12: Reporting Cash Flows
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Chapter 13: Analysis of Financial Statements
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,Chapter1 b




ManagerialAccountingConcepts and b b b




Principles
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QUICK STUDIES b




Quick Study 1-1 (5 minutes)
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1. Its primary users are company managers..............................
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2. Itsinformationisoftenavailableonlyafteranauditiscomplete.
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3. Its primary focus is on the organization as a whole..............
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4. Its principles and practices are relatively flexible .................
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5. It focuses mainly on past results.............................................
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Quick Study 1-2 (10 minutes)
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1. Indirect cost b




2. Direct cost b




3. Indirect cost b




4. Indirect cost b




5. Direct cost b




Quick Study 1-3 (10 minutes)
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1. Direct materials
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2. Factory overhead b




3. Direct labor b




4. Factory overhead b




5. Factory overhead b




6. Direct materials
b

, Quick Study 1-4 (10 minutes)
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1. Product cost b




2. Period cost b




3. Product cost b




4. Period cost b




5. Product cost b




6. Period cost b




7. Period cost b




8. Product cost b




Quick Study 1-5 (10 minutes)
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1. Prime cost b




2. Conversion cost (Glue is an indirect material) b b b b b b




3. Both
4. Conversion cost b




5. Conversioncost b




6. Prime cost b




Quick Study 1-6 (10 minutes)
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Ending work in process inventory is computed as:
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Work in process inventory, beginning ...............
b b b b b $ 26,000b




Direct materials used.......................................
b b b 74,000
Direct labor used..............................................
b b b 55,000
Factory overhead .............................................
b b b b 95,000
Total manufacturing costs ..............................
b b b 224,000
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Total cost of work in process..............................
b b b b b b 250,000
Less cost of goods manufactured ......................
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Work in process inventory, ending.....................
b b b b b $ 30,000 b