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

,TABLEOFCONTENTS k




Chapter1:ManagerialAccounting
k k k




k Chapter 2: Job Order Costing
k k k k




Chapter2A:JobOrderCosting:Non-DebitandCreditApproach
k k k k k k k k




k Chapter 3: Process Costing
k k k




Chapter3A:ProcessCosting:Non-DebitandCreditApproach
k k k k k k k




k Chapter 4: Activity-Based Costing
k k k




Chapter 5: Cost-Volume-Profit
k k




Chapter6:Cost-Volume-ProfitAnalysis:AdditionalIssues Chapter
k k k k k k




k 7: Incremental Analysis
k k




Chapter 8: Pricing
k k




Chapter 9: Budgetary Planning
k k k




Chapter10:BudgetaryControlandResponsibilityAccounting
k k k k k k




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




Chapter12:PlanningforCapitalInvestments
k k k k k




k Chapter 13: Statement of Cash Flows
k k k k k

,Chapter 14: Financial Analysis
k k k




CHAPTER 1 H




ManagerialAccounting k




LearningObjectives k




1. Identify the features of managerial accounting and the functions of management.
k k k k k k k k k k




2. Describe the classes of manufacturing costs and the differences between product an d
k k k k k k k k k k k k




k periodcosts.

3. Demonstrate how to compute cost of goods manufactured and prepare financial statem
k k k k k k k k k k k




k ents for amanufacturer.
k k




4. Discuss trends in managerial accounting.
k k k k




ANSWERSTOQUESTIONS k k




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and f
k k k k k k k k k k k k k k




inancial information for managers and other internal users.
k k k k k k k k




(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
k k k k k k k k k k




service, merchandising, and manufacturing.
k k k k




LO1 BT: C Difficulty: Easy TOT: 3 min.
k k k k k k k k AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Ma
k k k k k k k k k k



gement
k




2. (a) Financial accounting is concerned primarily with external users such as stockholders, c
k k k k k k k k k k k k




reditors, and regulators. In contrast, managerial accounting is concerned primarily wi th
k k k k k k k k k k k k




internal users such as officers and managers.
k k k k k k k




(b) Financial statements are the end product of financial accounting. These statements a re
k k k k k k k k k k k k




prepared quarterly and annually. In managerial accounting, internal reports may be
k k k k k k k k k k k




prepared as frequently as needed.
k k k k k




(c) The purpose of financial accounting is to provide general-
k k k k k k k k




purpose information for external users. The purpose of managerial accounting is to
k k k k k k k k k k k

, provide special-purpose information for specific internal decisions.
k k k k k k




LO1 BT: C Difficulty: Easy TOT: 5 min.
k k k k k k k k AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Ma
k k k k k k k k k k



gement
k




3. Differences in the content of the reports are as follows:
k k k k k k k k k




Financial Managerial
 Pertains to business as a whole and is
k k k k k k k  Pertains to subunits of the business
k k k k k




k highly aggregated.
k andmay be very detailed.
k k k k




 Limited to accrual accounting and cost dat a.
k k k k k k k  Extends beyond accrual k k




 Generally accepted accounting principles.
k k k accounting
k




system to any relevant data.
k k k k




Copyright © 2021 John WileyH& Sons, Inc.
k k k k k k




Weygandt, ManagerialHAccounting, 9e, Solutions Manual
k k k k (For InstructorHUse Only)
k k




1-1