SOLUTION MANUAL for Managerial Accounting Tools for Business Decision Making 9th Edition by Jerry J. Weygandt, Paul D. Kimmel All Chapters 1 - 14, Complete

Managerial Accounting Tools for Business Decision Making
I I I I I I I




SOLUTION MANUAL
Managerial Accounting Tools for Business Decision Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
All Chapters 1 - 14, Complete

,TABLE OF CONTENTS I I




Chapter 1: Managerial Accounting
I I I




Chapter 2: Job Order Costing
I I I I




Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
I I I I I I I I




Chapter 3: Process Costing
I I I




Chapter 3A: Process Costing: Non-Debit and Credit Approach
I I I I I I I




Chapter 4: Activity-Based Costing
I I I




Chapter 5: Cost-Volume-Profit
I I




Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
I I I I I




Chapter 7: Incremental Analysis
I I I




Chapter 8: Pricing
I I




Chapter 9: Budgetary Planning
I I I




Chapter 10: Budgetary Control and Responsibility Accounting
I I I I I I




Chapter 11: Standard Costs and Balanced Scorecard
I I I I I I




Chapter 12: Planning for Capital Investments
I I I I I




Chapter 13: Statement of Cash Flows
I I I I I




Chapter 14: Financial Analysis
I I I

, Managerial Accounting Tools for Business Decision Making
I I I I I I I




CHAPTER 1 I




Managerial Accounting I




Learning Objectives
I


1. IdentifyItheIfeaturesIofImanagerialIaccountingIandItheIfunctionsIofImanagement.

2. DescribeItheIclassesIofImanufacturingIcostsIandItheIdifferencesIbetweenIproductIandIperiodIco
sts.

3. DemonstrateIhowItoIcomputeIcostIofIgoodsImanufacturedIandIprepareIfinancialIstatementsIforIaIm
anufacturer.

4. DiscussItrendsIinImanagerialIaccounting.


ANSWERS TO QUESTIONS I I




1. (a)INotItrue.IManagerialIaccountingIisIaIfieldIofIaccountingIthatIprovidesIeconomicIandIfinancialIinfor
mationIforImanagersIandIotherIinternalIusers.
(b) JoeIisIincorrect.IManagerialIaccountingIappliesItoIallItypesIofIbusinesses—
service,Imerchandising,IandImanufacturing.
LO1I BT:ICI Difficulty:IEasyI TOT:I3Imin.IIAACSB:INoneI AICPAI FC:I Measurement,IAnalysisIandIInterpretationIIMA:ICostIManagement

2. (a)IFinancialIaccountingIisIconcernedIprimarilyIwithIexternalIusersIsuchIasIstockholders,Icreditors,Ia
ndIregulators.IInIcontrast,ImanagerialIaccountingIisIconcernedIprimarilyIwithIinternalIusersIsuc
hIasIofficersIandImanagers.
(b) FinancialIstatementsIareItheIendIproductIofIfinancialIaccounting.ITheseIstatementsIareIprepare
dIquarterlyIandIannually.IInImanagerialIaccounting,IinternalIreportsI mayI beIpreparedIasIfreque
ntlyIasIneeded.
(c) TheIpurposeIofIfinancialIaccountingIisItoIprovideIgeneral-
purposeIinformationIforIexternalIusers.ITheIpurposeIofImanagerialIaccountingIisItoIprovideIspeci
al-purposeIinformationIforIspecificIinternalIdecisions.
LO1I BT:ICI Difficulty:IEasyI TOT:I5Imin.IIAACSB:INoneI AICPAIFC:I Measurement,IAnalysisIandIInterpretationIIMA:ICostIManagement

3. DifferencesIinItheIcontentIofItheIreportsIareIasIfollows:
I Financial I Managerial

, • PertainsI toI businessI asI aI wholeI andI isIhighlyI • PertainsItoI subunitsIofI theI businessIandI
aggregated. mayIbeIveryIdetailed.
• LimitedItoIaccrualIaccountingIandIcostIdata. • Extends beyond accrual accounting
• GenerallyIacceptedIaccountingIprinciples. systemItoIanyIrelevantIdata.

CopyrightI©I2021IJohnIWileyI&ISons,IInc. Weygandt,IManagerialIAccounting,I9e,ISolutionsI Manual (ForIInstructorIUseIOnly) 1-1