S S S S S S S
,TABLE OF CONTENTS S S
Chapter 1: Managerial Accounting
S S S
Chapter 2: Job Order Costing
S S S S
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
S S S S S S S S
Chapter 3: Process Costing
S S S
Chapter 3A: Process Costing: Non-Debit and Credit Approach
S S S S S S S
Chapter 4: Activity-Based Costing
S S S
Chapter 5: Cost-Volume-Profit
S S
Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
S S S S S
Chapter 7: Incremental Analysis
S S S
Chapter 8: Pricing
S S
Chapter 9: Budgetary Planning
S S S
Chapter 10: Budgetary Control and Responsibility Accounting
S S S S S S
Chapter 11: Standard Costs and Balanced Scorecard
S S S S S S
Chapter 12: Planning for Capital Investments
S S S S S
Chapter 13: Statement of Cash Flows
S S S S S
Chapter 14: Financial Analysis
S S S
, Managerial Accounting Tools for Business Decision Making
S S S S S S S
CHAPTER 1 S
Managerial Accounting S
Learning Objectives
S
1. IdentifyStheSfeaturesSofSmanagerialSaccountingSandStheSfunctionsSofSmanagement.
2. DescribeStheSclassesSofSmanufacturingScostsSandStheSdifferencesSbetweenSproductSandSperio
dScosts.
3. DemonstrateShowStoScomputeScostSofSgoodsSmanufacturedSandSprepareSfinancialSstatementsSfor
amanufacturer.
S S
4. DiscussStrendsSinSmanagerialSaccounting.
ANSWERS TO QUESTIONS S S
1. (a)SNotStrue.SManagerialSaccountingSisSaSfieldSofSaccountingSthatSprovidesSeconomicSandSfinancialS
informationSforSmanagersSandSotherSinternalSusers.
(b) JoeSisSincorrect.SManagerialSaccountingSappliesStoSallStypesSofSbusinesses—
service,Smerchandising,SandSmanufacturing.
LO1S BT:SCS Difficulty:SEasyS TOT:S3Smin.SSAACSB:SNoneS AICPAS FC:S Measurement,SAnalysisSandSInterpretationSIMA:SCostSManagement
2. (a)SFinancialSaccountingSisSconcernedSprimarilySwithSexternalSusersSsuchSasSstockholders,Screditor
s,SandSregulators.SInScontrast,SmanagerialSaccountingSisSconcernedSprimarilySwithSinternalSus
ersSsuchSasSofficersSandSmanagers.
(b) FinancialSstatementsSareStheSendSproductSofSfinancialSaccounting.STheseSstatementsSareSpre
paredSquarterlySandSannually.SInSmanagerialSaccounting,SinternalSreportsS mayS beSpreparedS
asSfrequentlySasSneeded.
(c) TheSpurposeSofSfinancialSaccountingSisStoSprovideSgeneral-
purposeSinformationSforSexternalSusers.STheSpurposeSofSmanagerialSaccountingSisStoSprovideS
special-purposeSinformationSforSspecificSinternalSdecisions.
LO1S BT:SCS Difficulty:SEasyS TOT:S5Smin.SSAACSB:SNoneS AICPAS FC:S Measurement,SAnalysisSandSInterpretationSIMA:SCostSManagement
3. DifferencesSinStheScontentSofStheSreportsSareSasSfollows:
S Financial S Managerial
, PertainsS toS businessS asS aS wholeS andS isShighl PertainsStoS subunitsSofStheS businessSandS
ySaggregated. maySbeSverySdetailed.
LimitedStoSaccrualSaccountingSandScostSdata. Extends beyond accrual accounting
GenerallySacceptedSaccountingSprinciples. systemStoSanySrelevantSdata.
CopyrightS©S2021SJohnSWileyS&SSons,SInc. Weygandt,SManagerialSAccounting,S9e,SSolutionsS Manual (ForSInstructorSUseSOnly) 1-1