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

SOLUTION MANUAL v




Managerial Accounting Tools for Business Decision
v v v v v




Making v v




9th Edition by Jerry J. Weygandt, Paul D. Kimmel
v v v v v v v v v




Chapters 1 - 14, Complete
v v v v

,TABLE OF CONTENTS V V




Chapter 1: Managerial Accounting
v v v




Chapter 2: Job Order Costing
v v v v




Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
v v v v v v v v




Chapter 3: Process Costing
v v v




Chapter 3A: Process Costing: Non-Debit and Credit Approach
v v v v v v v




Chapter 4: Activity-Based Costing
v v v




Chapter 5: Cost-Volume-Profit
v v




Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
v v v v v




Chapter 7: Incremental Analysis
v v v




Chapter 8: Pricing
v v




Chapter 9: Budgetary Planning
v v v




Chapter 10: Budgetary Control and Responsibility Accounting
v v v v v v




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




Chapter 12: Planning for Capital Investments
v v v v v




Chapter 13: Statement of Cash Flows
v v v v v

,Chapter 14: Financial Analysis
v v v




CHAPTER 1 v




Managerial Accounting v




Learning Objectives v




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




2. Describe the classes of manufacturing costs and the differences between product and
v v v v v v v v v v v




periodcosts.
v v




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




for amanufacturer.
v v v




4. Discuss trends in managerial accounting.
v v v v




ANSWERS TO QUESTIONS v v




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




financial information for managers and other internal users.
v v v v v v v v




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




merchandising, and manufacturing.
v v v




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




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




creditors, and regulators. In contrast, managerial accounting is concerned primarily with
v v v v v v v v v v v




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




(b) Financial statements are the end product of financial accounting. These statements are
v v v v v v v v v v v




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




prepared as frequently as needed.
v v v v v




(c) The purpose of financial accounting is to provide general-purpose information for
v v v v v v v v v v




external users. The purpose of managerial accounting is to provide special-purpose
v v v v v v v v v v v

, information for specific internal decisions.
v v v v v




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




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




v Financial v Managerial
• Pertains to business as a whole and is v v v v v v v • Pertains to subunits of the business
v v v v v




highly aggregated.
v v v andmay be very detailed.
v v v v




• Limited to accrual accounting and cost data.
v v v v v v • Extends beyond accrual
• Generally accepted accounting principles. v v v accounting
system to any relevant data.
v v v v




Copyright © 2021 John Wiley & Sons, Inc. Weygandt, Managerial Accounting, 9e, Solutions Manual
v v v v v v v v v v v v (For Instructor Use Only)
v v v




1-1