SOLUTION MANUAL
Managerial Accounting Tools for Business Decision Making
9th Edition by Weygandt and Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS G G
Chapter 1: Managerial Accounting
g g g
Chapter 2: Job Order Costing
g g g g
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
g g g g g g g g
Chapter 3: Process Costing
g g g
Chapter 3A: Process Costing: Non-Debit and Credit Approach
g g g g g g g
Chapter 4: Activity-Based Costing
g g g
Chapter 5: Cost-Volume-Profit
g g
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
g g g g g
Chapter 7: Incremental Analysis
g g g
Chapter 8: Pricing
g g
Chapter 9: Budgetary Planning
g g g
Chapter 10: Budgetary Control and Responsibility Accounting
g g g g g g
Chapter 11: Standard Costs and Balanced Scorecard
g g g g g g
Chapter 12: Planning for Capital Investments
g g g g g
Chapter 13: Statement of Cash Flows
g g g g g
Chapter 14: Financial Analysis
g g g
, CHAPTER 1 g
Managerial Accounting g
Learning Objectives
g
1. Identifygthegfeaturesgofgmanagerialgaccountinggandgthegfunctionsgofgmanagement.
2. Describegthegclassesgofgmanufacturinggcostsgandgthegdifferencesgbetweengproductgandgperiodg
costs.
3. Demonstrateghowgtogcomputegcostgofggoodsgmanufacturedgandgpreparegfinancialgstatementsgforg
agmanufacturer.
4. Discussgtrendsgingmanagerialgaccounting.
ANSWERS TO QUESTIONS g g
1. (a)gNotgtrue.gManagerialgaccountinggisgagfieldgofgaccountinggthatgprovidesgeconomicgandgfinancialgi
nformationgforgmanagersgandgotherginternalgusers.
(b) Joegisgincorrect.gManagerialgaccountinggappliesgtogallgtypesgofgbusinesses—
service,gmerchandising,gandgmanufacturing.
LO1g BT:gCg Difficulty:gEasyg TOT:g3gmin.ggAACSB:gNoneg AICPAg FC:gMeasurement,gAnalysisgandgInterpretationgIMA:gCostgManagement
2. (a)gFinancialgaccountinggisgconcernedgprimarilygwithgexternalgusersgsuchgasgstockholders,gcreditors,
gandgregulators.gIngcontrast,gmanagerialgaccounting gisgconcernedgprimarilygwithginternalgusers
g suchgasgofficersgandg managers.
(b) Financialgstatementsgaregthegendgproductgofgfinancialgaccounting.gThesegstatementsgaregprep
aredgquarterlygandgannually.gIngmanagerialgaccounting,ginternalgreportsg mayg begpreparedgasg
frequentlygasgneeded.
(c) Thegpurposegofgfinancialgaccountinggisgtogprovideggeneral-
purposeginformationgforgexternalgusers.gThegpurposegofgmanagerialgaccountinggisgtogprovidegs
pecial-purposeginformationgforgspecificginternalgdecisions.
LO1g BT:gCg Difficulty:gEasyg TOT:g5gmin.ggAACSB:gNoneg AICPAgFC:gMeasurement,gAnalysisgandgInterpretationgIMA:gCostgManagement
3. Differencesgingthegcontentgofgthegreportsgaregasgfollows:
g Financial g Managerial
, Pertainsg tog businessg asg ag wholeg andg isghighl Pertainsgtogsubunitsgofgthegbusinessgandg
ygaggregated. maygbegverygdetailed.
Limitedgtogaccrualgaccountinggandgcostgdata. Extends beyond accrual accounting
Generallygacceptedgaccountinggprinciples. systemgtoganygrelevantgdata.
Copyrightg©g2021gJohngWileyg&gSons,gInc. Weygandt,gManagerialgAccounting,g9e,gSolutionsgManual (Forg InstructorgUsegOnly) 1-1
Managerial Accounting Tools for Business Decision Making
9th Edition by Weygandt and Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS G G
Chapter 1: Managerial Accounting
g g g
Chapter 2: Job Order Costing
g g g g
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
g g g g g g g g
Chapter 3: Process Costing
g g g
Chapter 3A: Process Costing: Non-Debit and Credit Approach
g g g g g g g
Chapter 4: Activity-Based Costing
g g g
Chapter 5: Cost-Volume-Profit
g g
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
g g g g g
Chapter 7: Incremental Analysis
g g g
Chapter 8: Pricing
g g
Chapter 9: Budgetary Planning
g g g
Chapter 10: Budgetary Control and Responsibility Accounting
g g g g g g
Chapter 11: Standard Costs and Balanced Scorecard
g g g g g g
Chapter 12: Planning for Capital Investments
g g g g g
Chapter 13: Statement of Cash Flows
g g g g g
Chapter 14: Financial Analysis
g g g
, CHAPTER 1 g
Managerial Accounting g
Learning Objectives
g
1. Identifygthegfeaturesgofgmanagerialgaccountinggandgthegfunctionsgofgmanagement.
2. Describegthegclassesgofgmanufacturinggcostsgandgthegdifferencesgbetweengproductgandgperiodg
costs.
3. Demonstrateghowgtogcomputegcostgofggoodsgmanufacturedgandgpreparegfinancialgstatementsgforg
agmanufacturer.
4. Discussgtrendsgingmanagerialgaccounting.
ANSWERS TO QUESTIONS g g
1. (a)gNotgtrue.gManagerialgaccountinggisgagfieldgofgaccountinggthatgprovidesgeconomicgandgfinancialgi
nformationgforgmanagersgandgotherginternalgusers.
(b) Joegisgincorrect.gManagerialgaccountinggappliesgtogallgtypesgofgbusinesses—
service,gmerchandising,gandgmanufacturing.
LO1g BT:gCg Difficulty:gEasyg TOT:g3gmin.ggAACSB:gNoneg AICPAg FC:gMeasurement,gAnalysisgandgInterpretationgIMA:gCostgManagement
2. (a)gFinancialgaccountinggisgconcernedgprimarilygwithgexternalgusersgsuchgasgstockholders,gcreditors,
gandgregulators.gIngcontrast,gmanagerialgaccounting gisgconcernedgprimarilygwithginternalgusers
g suchgasgofficersgandg managers.
(b) Financialgstatementsgaregthegendgproductgofgfinancialgaccounting.gThesegstatementsgaregprep
aredgquarterlygandgannually.gIngmanagerialgaccounting,ginternalgreportsg mayg begpreparedgasg
frequentlygasgneeded.
(c) Thegpurposegofgfinancialgaccountinggisgtogprovideggeneral-
purposeginformationgforgexternalgusers.gThegpurposegofgmanagerialgaccountinggisgtogprovidegs
pecial-purposeginformationgforgspecificginternalgdecisions.
LO1g BT:gCg Difficulty:gEasyg TOT:g5gmin.ggAACSB:gNoneg AICPAgFC:gMeasurement,gAnalysisgandgInterpretationgIMA:gCostgManagement
3. Differencesgingthegcontentgofgthegreportsgaregasgfollows:
g Financial g Managerial
, Pertainsg tog businessg asg ag wholeg andg isghighl Pertainsgtogsubunitsgofgthegbusinessgandg
ygaggregated. maygbegverygdetailed.
Limitedgtogaccrualgaccountinggandgcostgdata. Extends beyond accrual accounting
Generallygacceptedgaccountinggprinciples. systemgtoganygrelevantgdata.
Copyrightg©g2021gJohngWileyg&gSons,gInc. Weygandt,gManagerialgAccounting,g9e,gSolutionsgManual (Forg InstructorgUsegOnly) 1-1
