Solution Manual For Managerial Accounting 8th Edition By John Wild, Ken Shaw, Barbara Chiappetta

Solution manual for Managerial Accounting 8th
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edition
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by john wild, ken shaw, barbara chiappetta
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Verified Chapter's 1 - 13 | Complete
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,TABLE OF CONTENTS s s s




Chapter s1: sManagerial sAccounting sConcepts sand sPrinciples


Chapter s2: sJob sOrder sCosting sand sAnalysis


Chapter s3: sProcess sCosting sand sAnalysis


Chapter s4: sActivity-Based sCosting sand sAnalysis


Chapter s5: sCost sBehavior sand sCost-Volume-Profit sAnalysis


Chapter s6: sVariable sCosting sand sAnalysis


Chapter s7: sMaster sBudgets sand sPlanning


Chapter s8: sFlexible sBudgets sand sStandard sCosts


Chapter s9: sPerformance sMeasurement sand sResponsibility sAccounting


Chapter s10: sRelevant sCosts sfor sManagerial sDecisions


Chapter s11: sCapital sBudgeting sand sInvestment sAnalysis


Chapter s12: sReporting sCash sFlows


Chapter s13: sAnalysis sof sFinancial sStatements

,Chapter 1 s




Managerial Accounting Concepts s s




and Principles
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QUICK STUDIES s




Quick Study 1-1 (5 minutes)
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1. Its primary users are company managers .............................. Managerial
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2. Its information is often available only after an audit is complete . Financial
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3. Its primary focus is on the organization as a whole .............. Financial
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4. Its principles and practices are relatively flexible ................. Managerial
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5. It focuses mainly on past results............................................. Financial
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Quick Study 1-2 (10 minutes)
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1. Indirect cost s


2. Direct cost s


3. Indirect cost s


4. Indirect cost s


5. Direct cost s




Quick Study 1-3 (10 minutes)
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1. Direct materials
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2. Factory overhead s


3. Direct labor s


4. Factory overhead s


5. Factory overhead s


6. Direct materials
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, Quick Study 1-4 (10 minutes)
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1. Product cost s


2. Period cost s


3. Product cost s


4. Period cost s


5. Product cost s


6. Period cost s


7. Period cost s


8. Product cost s




Quick Study 1-5 (10 minutes)
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1. Prime cost s


2. Conversion cost (Glue is an indirect material)
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3. Both
4. Conversion cost s


5. Conversion cost s


6. Prime cost s




Quick Study 1-6 (10 minutes)
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Ending work in process inventory is computed as:
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Work in process inventory, beginning ...............
s s s s s $ 26,000
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Direct materials used .......................................
s s s 74,000
Direct labor used ..............................................
s s s 55,000
Factory overhead .............................................
s s s s 95,000
Total manufacturing costs ..............................
s s s s 224,000
Total cost of work in process ..............................
s s s s s s 250,000
Less cost of goods manufactured ......................
s s s s s 220,000
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Work in process inventory, ending .....................
s s s s s $ 30,000s