Managerial Accounting Tools for Business Decision Making 9th Edition SOLUTION MANUAL

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

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,TABLE OF CONTENTS XZ XZ




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 xz xz xz




CHAPTER 1 xz




Managerial Accounting xz




Learning Objectives xz




1. Identify the features of managerial accounting and the functions of management.
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2. Describe the classes of manufacturing costs and the differences between product and
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periodcosts. zx




3. Demonstrate how to compute cost of goods manufactured and prepare financial stateme
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nts for amanufacturer.
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4. Discuss trends in managerial accounting.
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ANSWERS TO QUESTIONS xz xz




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and fin
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ancial information for managers and other internal users.
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(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
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service, merchandising, and manufacturing. xz xz xz


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


2. (a) Financial accounting is concerned primarily with external users such as stockholders, cr
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editors, and regulators. In contrast, managerial accounting is concerned primarily with
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internal users such as officers and managers.
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(b) Financial statements are the end product of financial accounting. These statements ar
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e prepared quarterly and annually. In managerial accounting, internal reports may b
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e prepared as frequently as needed.
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(c) The purpose of financial accounting is to provide general-
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purpose information for external users. The purpose of managerial accounting is to pr
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