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 N N




Chapter 1: Managerial Accounting
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Chapter 2: Job Order Costing
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Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
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Chapter 3: Process Costing
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Chapter 3A: Process Costing: Non-Debit and Credit Approach
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Chapter 4: Activity-Based Costing
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Chapter 5: Cost-Volume-Profit
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Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
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Chapter 7: Incremental Analysis
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Chapter 8: Pricing
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Chapter 9: Budgetary Planning
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Chapter 10: Budgetary Control and Responsibility Accounting
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Chapter 11: Standard Costs and Balanced Scorecard
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Chapter 12: Planning for Capital Investments
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Chapter 13: Statement of Cash Flows
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,Chapter 14: Financial Analysis
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CHAPTER 1 n




Managerial Accounting n




Learning Objectives
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1. Identifynthenfeaturesnofnmanagerialnaccountingnandnthenfunctionsnofnmanagement.

2. Describenthenclassesnofnmanufacturingncostsnandnthendifferencesnbetweennproductnan
dnperiodncosts.

3. Demonstratenhowntoncomputencostnofngoodsnmanufacturednandnpreparenfinancialnstatem
entsnfornanmanufacturer.

4. Discussntrendsninnmanagerialnaccounting.


ANSWERS TO QUESTIONS n n




1. (a)nNotntrue.nManagerialnaccountingnisnanfieldnofnaccountingnthatnprovidesneconomicnandnf
inancialninformationnfornmanagersnandnotherninternalnusers.
(b) Joenisnincorrect.nManagerialnaccountingnappliesntonallntypesnofnbusinesses—
service,nmerchandising,nandnmanufacturing.
LO1n BT:nCn Difficulty:nEasyn TOT:n3nmin.nnAACSB:nNonen AICPAn FC:n Measurement,nAnalysisn andnInterpretationnIMA:nCostnManag
ement


2. (a)nFinancialnaccountingnisnconcernednprimarilynwithnexternalnusersnsuchnasnstockholders,nc
reditors,nandnregulators.nInncontrast,nmanagerialnaccountingnisnconcernednprimarilynwi
thninternalnusersnsuchnasnofficersnandnmanagers.
(b) Financialnstatementsnarenthenendnproductnofnfinancialnaccounting.nThesenstatementsna
renpreparednquarterlynandnannually.nInnmanagerialnaccounting,ninternalnreportsn mayn
benpreparednasnfrequentlynasnneeded.
(c) Thenpurposenofnfinancialnaccountingnisntonprovidengeneral-
purposeninformationnfornexternalnusers.nThenpurposenofnmanagerialnaccountingnisnton

, providenspecial-purposeninformationnfornspecificninternalndecisions.
LO1n BT:nCn Difficulty:nEasyn TOT:n5nmin.nnAACSB:nNonen AICPAnFC:n Measurement,nAnalysisn andnInterpretationnIMA:nCostnManag
ement


3. Differencesninnthencontentnofnthenreportsnarenasnfollows:

n Financial n Managerial
• Pertainsn ton businessn asn an wholen andn isnh • Pertainsntonsubunitsnofnthenbusinessn
ighlynaggregated. andnmaynbenveryndetailed.
• Limitedntonaccrualnaccountingnandncostndat • Extends beyond accrual
a. accounting
• Generallynacceptednaccountingnprinciples. systemntonanynrelevantndata.
Copyrightn©n2021nJohnnWileyn&nSons,nInc.
Weygandt,nManagerialnAccounting,n9e,nSolutionsn Manual (FornInstructornUsenOnly)
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