SOLUTION MANUAL
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS DF DF
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 df
Managerial Accounting df
Learning Objectives df
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. fd
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 df df
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. df df df
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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ovide special-purpose information for specific internal decisions.
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LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Manag
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ement
3. Differences in the content of the reports are as follows:
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df Financial df Managerial
Pertains to business as a whole and is
df df df df df df df fd Pertains to subunits of the business a df df df df df df
highly aggregated.
df ndmay be very detailed.
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Limited to accrual accounting and cost data.
df df df df df df Extends beyond accrual
Generally accepted accounting principles. df df df accounting
system to any relevant data.
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Copyright © 2021 John Wiley & Sons, Inc. df df df df df df df
Weygandt, Managerial Accounting, 9e, Solutions Manual
df df df df df (For Instructor Use Only)
df df df
1-1
Managerial Accounting Tools for Business Decision
Making
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
Chapters 1 - 14, Complete
,TABLE OF CONTENTS DF DF
Chapter 1: Managerial Accounting
df df df
Chapter 2: Job Order Costing
df df df df
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
df df df df df df df df
Chapter 3: Process Costing
df df df
Chapter 3A: Process Costing: Non-Debit and Credit Approach
df df df df df df df
Chapter 4: Activity-Based Costing
df df df
Chapter 5: Cost-Volume-Profit
df df
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
df df df df df
Chapter 7: Incremental Analysis
df df df
Chapter 8: Pricing
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Chapter 9: Budgetary Planning
df df df
Chapter 10: Budgetary Control and Responsibility Accounting
df df df df df df
Chapter 11: Standard Costs and Balanced Scorecard
df df df df df df
Chapter 12: Planning for Capital Investments
df df df df df
,Chapter 13: Statement of Cash Flows
df df df df df
Chapter 14: Financial Analysis
df df df
CHAPTER 1 df
Managerial Accounting df
Learning Objectives df
1. Identify the features of managerial accounting and the functions of management.
df df df df df df df df df df
2. Describe the classes of manufacturing costs and the differences between product and
df df df df df df df df df df df df
periodcosts. fd
3. Demonstrate how to compute cost of goods manufactured and prepare financial stateme
df df df df df df df df df df df
nts for amanufacturer.
df df fd
4. Discuss trends in managerial accounting.
df df df df
ANSWERS TO QUESTIONS df df
1. (a) Not true. Managerial accounting is a field of accounting that provides economic and fin
df df df df df df df df df df df df df df
ancial information for managers and other internal users.
df df df df df df df
(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
df df df df df df df df df df
service, merchandising, and manufacturing. df df df
LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Manag
d f df d f df d f df df dfdf df d f df df df df df df df df
ement
2. (a) Financial accounting is concerned primarily with external users such as stockholders, cr
df df df df df df df df df df df df
editors, and regulators. In contrast, managerial accounting is concerned primarily with
df df df df df df df df df df d
internal users such as officers and managers.
f df df df df df df
(b) Financial statements are the end product of financial accounting. These statements ar
df df df df df df df df df df df
e prepared quarterly and annually. In managerial accounting, internal reports may b
df df df df df df df df df d f d f
, e prepared as frequently as needed.
df df df df df
(c) The purpose of financial accounting is to provide general-
df df df df df df df df
purpose information for external users. The purpose of managerial accounting is to pr
df df df df df df df df df df df df
ovide special-purpose information for specific internal decisions.
df df df df df df
LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Manag
d f df d f df d f df df dfdf df d f df df df df df df df df
ement
3. Differences in the content of the reports are as follows:
df df df df df df df df df
df Financial df Managerial
Pertains to business as a whole and is
df df df df df df df fd Pertains to subunits of the business a df df df df df df
highly aggregated.
df ndmay be very detailed.
fd df df df
Limited to accrual accounting and cost data.
df df df df df df Extends beyond accrual
Generally accepted accounting principles. df df df accounting
system to any relevant data.
df df df df
Copyright © 2021 John Wiley & Sons, Inc. df df df df df df df
Weygandt, Managerial Accounting, 9e, Solutions Manual
df df df df df (For Instructor Use Only)
df df df
1-1
