SOLUTION MANUAL b6
Managerial Accounting Tools for Business Decision
b6 b6 b6 b6 b6
Making b6 b6
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
b6 b6 b6 b6 b6 b6 b6 b6 b6
Chapters 1 - 14, Complete
b6 b6 b6 b6
,TABLE OF CONTENTS B6 B6
Chapter 1: Managerial Accounting
b6 b6 b6
Chapter 2: Job Order Costing
b6 b6 b6 b6
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
b6 b6 b6 b6 b6 b6 b6 b6
Chapter 3: Process Costing
b6 b6 b6
Chapter 3A: Process Costing: Non-Debit and Credit Approach
b6 b6 b6 b6 b6 b6 b6
Chapter 4: Activity-Based Costing
b6 b6 b6
Chapter 5: Cost-Volume-Profit
b6 b6
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
b6 b6 b6 b6 b6
Chapter 7: Incremental Analysis
b6 b6 b6
Chapter 8: Pricing
b6 b6
Chapter 9: Budgetary Planning
b6 b6 b6
Chapter 10: Budgetary Control and Responsibility Accounting
b6 b6 b6 b6 b6 b6
Chapter 11: Standard Costs and Balanced Scorecard
b6 b6 b6 b6 b6 b6
Chapter 12: Planning for Capital Investments
b6 b6 b6 b6 b6
Chapter 13: Statement of Cash Flows
b6 b6 b6 b6 b6
,Chapter 14: Financial Analysis
b6 b6 b6
CHAPTER 1 b6
Managerial Accounting b6
Learning Objectives b6
1. Identify the features of managerial accounting and the functions of management.
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
2. Describe the classes of manufacturing costs and the differences between
b6 b6 b6 b6 b6 b6 b6 b6 b6
b6 product and periodcosts.
b6 b6 6
b
3. Demonstrate how to compute cost of goods manufactured and prepare financial
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
b6 statements for amanufacturer. b6 b6 6
b
4. Discuss trends in managerial accounting.
b6 b6 b6 b6
ANSWERS TO QUESTIONS b6 b6
1. (a) Not true. Managerial accounting is a field of accounting that provides economic
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
and financial information for managers and other internal users.
b6 b6 b6 b6 b6 b6 b6 b6 b6
(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
service, merchandising, and manufacturing.
b6 b6 b6
LO1 b 6 BT: b6C b 6 Difficulty: b6Easy b 6 TOT: b63 b6min. b6 b6AACSB: b6None b 6 AICPA b6 FC: b6 Measurement, b6Analysis b6and b6Interpretation
b6 IMA: b6Cost b6 Management
2. (a) Financial accounting is concerned primarily with external users such as
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
stockholders, creditors, and regulators. In contrast, managerial accounting is
b6 b6 b6 b6 b6 b6 b6 b6 b6
concerned primarily with internal users such as officers and managers.
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
(b) Financial statements are the end product of financial accounting. These
b6 b6 b6 b6 b6 b6 b6 b6 b6
statements are prepared quarterly and annually. In managerial accounting,
b6 b6 b6 b6 b6 b6 b6 b6 b6
internal reports may be prepared as frequently as needed.
b6 b6 b 6 b 6 b6 b6 b6 b6 b6
(c) The purpose of financial accounting is to provide general-purpose information
b6 b6 b6 b6 b6 b6 b6 b6 b6
for external users. The purpose of managerial accounting is to provide special-
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
, purpose information for specific internal decisions.
b6 b6 b6 b6 b6
LO1 b 6 BT: b6C b 6 Difficulty: b6Easy b 6 TOT: b65 b6min. b6 b6AACSB: b6None b 6 AICPA b6FC: b6 Measurement, b6Analysis b6and b6Interpretation
b6 IMA: b6Cost b6 Management
3. Differences in the content of the reports are as follows:
b6 b6 b6 b6 b6 b6 b6 b6 b6
b6 Financial b6 Managerial
Pertains to business as a whole
b6 b6 b6 b6 b6 Pertains to subunits of the
b6 b6 b6 b6
and ishighly aggregated.
b6 b6 6
b b6 business andmay be very
b6 b6 6
b b6 b6
Limited to accrual accounting and cost
b6 b6 b6 b6 b6
detailed.
b6
data.
b6
Extends beyond accrual
Generally accepted accounting principles.
b6 b6 b6
accounting
system to any relevant data.
b6 b6 b6 b6
Copyright b6© b62021 b6John b6Wiley b6& b6Sons, b6Inc. Weygandt, b6Managerial
Accounting, b69e, b6Solutions b6 Manual
b6 (For b6Instructor b6Use b6Only) 1-1
Managerial Accounting Tools for Business Decision
b6 b6 b6 b6 b6
Making b6 b6
9th Edition by Jerry J. Weygandt, Paul D. Kimmel
b6 b6 b6 b6 b6 b6 b6 b6 b6
Chapters 1 - 14, Complete
b6 b6 b6 b6
,TABLE OF CONTENTS B6 B6
Chapter 1: Managerial Accounting
b6 b6 b6
Chapter 2: Job Order Costing
b6 b6 b6 b6
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
b6 b6 b6 b6 b6 b6 b6 b6
Chapter 3: Process Costing
b6 b6 b6
Chapter 3A: Process Costing: Non-Debit and Credit Approach
b6 b6 b6 b6 b6 b6 b6
Chapter 4: Activity-Based Costing
b6 b6 b6
Chapter 5: Cost-Volume-Profit
b6 b6
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
b6 b6 b6 b6 b6
Chapter 7: Incremental Analysis
b6 b6 b6
Chapter 8: Pricing
b6 b6
Chapter 9: Budgetary Planning
b6 b6 b6
Chapter 10: Budgetary Control and Responsibility Accounting
b6 b6 b6 b6 b6 b6
Chapter 11: Standard Costs and Balanced Scorecard
b6 b6 b6 b6 b6 b6
Chapter 12: Planning for Capital Investments
b6 b6 b6 b6 b6
Chapter 13: Statement of Cash Flows
b6 b6 b6 b6 b6
,Chapter 14: Financial Analysis
b6 b6 b6
CHAPTER 1 b6
Managerial Accounting b6
Learning Objectives b6
1. Identify the features of managerial accounting and the functions of management.
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
2. Describe the classes of manufacturing costs and the differences between
b6 b6 b6 b6 b6 b6 b6 b6 b6
b6 product and periodcosts.
b6 b6 6
b
3. Demonstrate how to compute cost of goods manufactured and prepare financial
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
b6 statements for amanufacturer. b6 b6 6
b
4. Discuss trends in managerial accounting.
b6 b6 b6 b6
ANSWERS TO QUESTIONS b6 b6
1. (a) Not true. Managerial accounting is a field of accounting that provides economic
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
and financial information for managers and other internal users.
b6 b6 b6 b6 b6 b6 b6 b6 b6
(b) Joe is incorrect. Managerial accounting applies to all types of businesses—
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
service, merchandising, and manufacturing.
b6 b6 b6
LO1 b 6 BT: b6C b 6 Difficulty: b6Easy b 6 TOT: b63 b6min. b6 b6AACSB: b6None b 6 AICPA b6 FC: b6 Measurement, b6Analysis b6and b6Interpretation
b6 IMA: b6Cost b6 Management
2. (a) Financial accounting is concerned primarily with external users such as
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
stockholders, creditors, and regulators. In contrast, managerial accounting is
b6 b6 b6 b6 b6 b6 b6 b6 b6
concerned primarily with internal users such as officers and managers.
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
(b) Financial statements are the end product of financial accounting. These
b6 b6 b6 b6 b6 b6 b6 b6 b6
statements are prepared quarterly and annually. In managerial accounting,
b6 b6 b6 b6 b6 b6 b6 b6 b6
internal reports may be prepared as frequently as needed.
b6 b6 b 6 b 6 b6 b6 b6 b6 b6
(c) The purpose of financial accounting is to provide general-purpose information
b6 b6 b6 b6 b6 b6 b6 b6 b6
for external users. The purpose of managerial accounting is to provide special-
b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6 b6
, purpose information for specific internal decisions.
b6 b6 b6 b6 b6
LO1 b 6 BT: b6C b 6 Difficulty: b6Easy b 6 TOT: b65 b6min. b6 b6AACSB: b6None b 6 AICPA b6FC: b6 Measurement, b6Analysis b6and b6Interpretation
b6 IMA: b6Cost b6 Management
3. Differences in the content of the reports are as follows:
b6 b6 b6 b6 b6 b6 b6 b6 b6
b6 Financial b6 Managerial
Pertains to business as a whole
b6 b6 b6 b6 b6 Pertains to subunits of the
b6 b6 b6 b6
and ishighly aggregated.
b6 b6 6
b b6 business andmay be very
b6 b6 6
b b6 b6
Limited to accrual accounting and cost
b6 b6 b6 b6 b6
detailed.
b6
data.
b6
Extends beyond accrual
Generally accepted accounting principles.
b6 b6 b6
accounting
system to any relevant data.
b6 b6 b6 b6
Copyright b6© b62021 b6John b6Wiley b6& b6Sons, b6Inc. Weygandt, b6Managerial
Accounting, b69e, b6Solutions b6 Manual
b6 (For b6Instructor b6Use b6Only) 1-1
