SOLUTION MANUAL Horngren's Accounting, The Managerial Chapters, 14th Edition By Tracie Miller-Nobles Brenda Mattison, All Chapters 1 - 9

SOLUTION MANUAL HORNGREN’S ACCOUNTING ,
THE MANEGERIAL CHAPTERS, 14TH EDITION BY
TRACIE MILLER-NOBLES BRENDA MATTISON,ALL
CHAPTERS 1

-9

,TableVofVcontents



1. Introduction to Managerial Accounting
V V V




2. Job Order Costing
V V




3. Process Costing
V




4. Cost-Volume-Profit Analysis V




5. Master Budgets
V




6. Flexible Budgets and Standard Cost Systems
V V V V V




7. Cost Allocation and Responsibility Accounting
V V V V




8. Short-Term Business Decisions
V V




9. Capital Investment Decisions
V V

, ChapterVM:1
IntroductionVtoVManagerialVAccounting

ReviewV QuestionsV

1. WhatVisVtheVprimaryVpurposeVofVmanagerialVaccounting?

TheVprimaryVpurposeVofVmanagerialVaccountingVisVtoVprovideVinformationVtoVhelpVmanagersVplan,V di
rect,Vcontrol,VandVmakeVdecisions.

2. ListVsixVdifferencesVbetweenVfinancialVaccountingVandVmanagerialVaccounting.

FinancialV accountingV andV managerialV accountingV differV onV theV followingV 6V dimensions:V (1)V primary
V users,V (2)V purposeV ofV information,V (3)V focusV andV timeV dimensionV ofV theV information,V (4)V rulesV andV re

-V strictions,V(5)VscopeVofVinformation,VandV(6)Vbehavioral.

3. ExplainVtheVdifferenceVbetweenVlineVpositionsVandVstaffVpositions.

LineVpositionsVareVdirectlyVinvolvedVinVprovidingVgoodsVorVservicesVtoVcustomers.VStaffVpositionsV supp
ortVlineVpositions.

4. ExplainVtheVdifferencesVbetweenVplanning,Vdirecting,VandVcontrolling.

PlanningVmeansVchoosingVgoalsVandVdecidingVhowVtoVachieveVthem.VDirectingVinvolvesVrunningVtheVday-
V to-

dayVoperationsVofVaVbusiness.VControllingVisVtheVprocessVofVmonitoringVoperationsVandVkeepingtheV com
panyVonVtrack.

5. ListVtheVfourVIMAVstandardsVofVethicalVpracticeVandVbrieflyVdescribeVeach.

TheVfourVIMAVstandardsVofVethicalVpracticeVandVaVdescriptionVofVeachVfollow.
I. Competence.
MaintainVanVappropriateVlevelVofVprofessionalVleadershipVandVexpertiseVbyVenhancingV kno
wledgeVandVskills.
PerformVprofessionalVdutiesVinVaccordanceVwithVrelevantVlaws,Vregulations,VandVtechnicalV sta
ndards.
ProvideVdecisionVsupportVinformationVandVrecommendationsVthatVareVaccurate,Vclear,Vconcise,