Managerial Accounting: Tools for Business Decision Making (9th Ed) Solutions

Managerial Accounting Tools for Business Decision Making
i i i i i i




SOLUTION MANUAL i




ManagerialAccountingToolsforBusinessDecision
i i i i i




Making
i i 9th ii




EditionbyJerryJ.Weygandt,PaulD.Kimmel
i i i i i i i i i




Chapters1-14,Complete
i i i i

,TABLE OF CONTENTS i i




Chapter 1: Managerial Accounting
i i i




i Chapter 2: Job Order Costing
i i i i




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




Approach Chapter 3: Process Costing
i i i i i




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




i Chapter 4: Activity-Based Costing
i i i




Chapter 5: Cost-Volume-Profit
i i




Chapter 6: Cost-Volume-Profit Analysis: Additional
i i i i




Issues Chapter 7: Incremental Analysis
i i i i i




Chapter 8: Pricing
i i




Chapter 9: Budgetary Planning
i i i




Chapter 10: Budgetary Control and Responsibility
i i i i i




Accounting Chapter 11: Standard Costs and Balanced
i i i i i i i




Scorecard Chapter 12: Planning for Capital
i i i i i i




Investments
i




Chapter 13: Statement of Cash
i i i i

,Flows Chapter 14: Financial
i i i i




Analysis
i

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




CHAPTER 1 i




ManagerialAccounting i




Learning Objectives i



1. Identify ithe ifeatures iof imanagerial iaccounting iand ithe ifunctions iof imanagement.

2. Describe ithe iclasses iof imanufacturing icosts iand ithe idifferences ibetween iproduct
and iperiod i costs.
i




3. Demonstrate ihow ito icompute icost iof igoods imanufactured iand iprepare ifinancial
statements ifor ia
i i manufacturer.

4. Discuss itrends iin imanagerial iaccounting.


ANSWERS TO QUESTIONS i i




1. (a) i Not i true. i Managerial i accounting i is i a i field i of i accounting i that i provides i economic
i and i financial i information ifor imanagers iand iother iinternal iusers.


(b) Joe i is i incorrect. i Managerial i accounting i applies i to i all i types i of
i businesses—service, i merchandising, iand imanufacturing.

LO1 i BT: iC i Difficulty: iEasy i TOT: i3 imin. i iAACSB: iNone i AICPA i FC: iMeasurement, iAnalysis iand iInterpretation i IMA:
iCost iManagement



2. (a) i Financial i accounting i is i concerned i primarily i with i external i users i such i as
i stockholders, i creditors, i and i regulators. i In i contrast, i managerial i accounting


i is i concerned i primarily i with i internal i users i such ias iofficers iand i managers.


(b) Financial istatements iare ithe iend iproduct i of ifinancial iaccounting. iThese istatements
i are i prepared i quarterly i and i annually. i In i managerial i accounting, i internal


i reports imay i be i prepared ias ifrequently ias ineeded.


(c) The i purpose i of i financial i accounting i is i to i provide i general-purpose
i information i for i external i users. i The i purpose i of i managerial i accounting i is


i to i provide i special-purpose i information i for i specific iinternal idecisions.

LO1 i BT: iC i Difficulty: iEasy i TOT: i5 imin. i iAACSB: iNone i AICPA iFC: iMeasurement, iAnalysis iand iInterpretation i IMA:
iCost iManagement



3. Differences iin ithe icontent iof ithe ireports iare ias ifollows:
i Financial Managerial i
• Pertains i to i business i as i a i whole i and idata.
• Generallyiaccepted iaccounting
ishighly i aggregated.
principles.
i
i
• Limited ito iaccrual iaccounting iand icost