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

Managerial Accounting Tools for Business Decision Making
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SOLUTION MANUAL IIll




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

,TABLE OF CONTENTS IILL IILL




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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, Managerial Accounting Tools for Business Decision Making IIll IIll IIll IIll IIll IIll IIll




CHAPTER 1 IIll




Managerial Accounting IIll




Learning Objectives IIll




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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IIll periodcosts. Il




3. Demonstrate how to compute cost of goods manufactured and prepare financial statements IIll IIll IIll IIll IIll IIll IIll IIll IIll IIll IIll



IIll for amanufacturer.
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4. Discuss trends in managerial accounting. IIll IIll IIll IIll




ANSWERS TO QUESTIONS IIll IIll




1. (a) Not true. Managerial accounting is a field of accounting that provides economic and
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financial information for managers and other internal users.
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(b) Joe is incorrect. Managerial accounting applies to all types of businesses—service,
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merchandising, and manufacturing.
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LO1 BT: C Difficulty: Easy
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Management
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2. (a) Financial accounting is concerned primarily with external users such as stockholders,
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creditors, 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 are IIll IIll IIll IIll IIll IIll IIll IIll IIll IIll IIll




prepared quarterly and annually. In managerial accounting, internal reports
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prepared as frequently as needed.
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(c) The purpose of financial accounting is to provide general-purpose information for external
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users. The purpose of managerial accounting is to provide special-purpose information
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for specific internal decisions.
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LO1 BT: C Difficulty: Easy
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Management
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3. Differences in the content of the reports are as follows: IIll IIll IIll IIll IIll IIll IIll IIll IIll




IIll Financial IIll Managerial

,  Pertains to business as a whole and
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ishighly aggregated.
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 Limited to accrual accounting and cost data.
IIll IIll IIll IIll IIll IIll  Extends beyond accrual accounting
 Generally accepted accounting principles. IIll IIll IIll system to any relevant data.
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Copyright © 2021 John Wiley & Sons, Inc. Weygandt, Managerial Accounting, 9e, Solutions Manual
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