Solution manual for Managerial Accounting 8th
h h h h h
edition
h
by john wild, ken shaw, barbara chiappetta
h h h h h h
Verified Chapter's 1 - 13 | Complete
h h h h h h h
,TABLE OF CONTENTS h h h
Chapter 1: Managerial Accounting Concepts and Principles
h h h h h h
Chapter 2: Job Order Costing and Analysis
h h h h h h
Chapter 3: Process Costing and Analysis
h h h h h
Chapter 4: Activity-Based Costing and Analysis
h h h h h
Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis
h h h h h h
Chapter 6: Variable Costing and Analysis
h h h h h
Chapter 7: Master Budgets and Planning
h h h h h
Chapter 8: Flexible Budgets and Standard Costs
h h h h h h
Chapter 9: Performance Measurement and Responsibility Accounting
h h h h h h
Chapter 10: Relevant Costs for Managerial Decisions
h h h h h h
Chapter 11: Capital Budgeting and Investment Analysis
h h h h h h
Chapter 12: Reporting Cash Flows
h h h h
Chapter 13: Analysis of Financial Statements
h h h h h
,Chapter1 h
ManagerialAccountingConcepts and h h h
Principles
h
QUICK STUDIES h
Quick Study 1-1 (5 minutes)
h h h h
1. Its primaryusers are companymanagers..............................
h h h h h h Managerial
2. Itsinformationisoftenavailableonlyafteranauditiscomplete.
h h h h h h h h h h h Financial
3. Its primary focus is on the organization as a whole..............
h h h h h h h h h h Financial
4. Its principles and practices are relatively flexible .................
h h h h h h h Managerial
5. It focuses mainly on past results.............................................
h h h h h Financial
Quick Study 1-2 (10 minutes)
h h h h
1. Indirect cost h
2. Direct cost h
3. Indirect cost h
4. Indirect cost h
5. Direct cost h
Quick Study 1-3 (10 minutes)
h h h h
1. Direct materials
h
2. Factoryoverhead h
3. Direct labor h
4. Factoryoverhead h
5. Factoryoverhead h
6. Direct materials
h
, Quick Study 1-4 (10 minutes)
h h h h
1. Product cost h
2. Period cost h
3. Product cost h
4. Period cost h
5. Product cost h
6. Period cost h
7. Period cost h
8. Product cost h
Quick Study 1-5 (10 minutes)
h h h h
1. Prime cost h
2. Conversion cost (Glue is an indirect material) h h h h h h
3. Both
4. Conversion cost h
5. Conversioncost h
6. Prime cost h
Quick Study 1-6 (10 minutes)
h h h h
Ending work in process inventory is computed as:
h h h h h h h
Work in process inventory, beginning ...............
h h h h h $ 26,000h
Direct materials used.......................................
h h h 74,000
Direct labor used..............................................
h h h 55,000
Factory overhead .............................................
h h h h 95,000
Total manufacturing costs ..............................
h h h 224,000
h
Total cost of work in process..............................
h h h h h h 250,000
Less cost of goods manufactured......................
h h h h h 220,000
h
Work in process inventory, ending.....................
h h h h h $ 30,000 h
h h h h h
edition
h
by john wild, ken shaw, barbara chiappetta
h h h h h h
Verified Chapter's 1 - 13 | Complete
h h h h h h h
,TABLE OF CONTENTS h h h
Chapter 1: Managerial Accounting Concepts and Principles
h h h h h h
Chapter 2: Job Order Costing and Analysis
h h h h h h
Chapter 3: Process Costing and Analysis
h h h h h
Chapter 4: Activity-Based Costing and Analysis
h h h h h
Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis
h h h h h h
Chapter 6: Variable Costing and Analysis
h h h h h
Chapter 7: Master Budgets and Planning
h h h h h
Chapter 8: Flexible Budgets and Standard Costs
h h h h h h
Chapter 9: Performance Measurement and Responsibility Accounting
h h h h h h
Chapter 10: Relevant Costs for Managerial Decisions
h h h h h h
Chapter 11: Capital Budgeting and Investment Analysis
h h h h h h
Chapter 12: Reporting Cash Flows
h h h h
Chapter 13: Analysis of Financial Statements
h h h h h
,Chapter1 h
ManagerialAccountingConcepts and h h h
Principles
h
QUICK STUDIES h
Quick Study 1-1 (5 minutes)
h h h h
1. Its primaryusers are companymanagers..............................
h h h h h h Managerial
2. Itsinformationisoftenavailableonlyafteranauditiscomplete.
h h h h h h h h h h h Financial
3. Its primary focus is on the organization as a whole..............
h h h h h h h h h h Financial
4. Its principles and practices are relatively flexible .................
h h h h h h h Managerial
5. It focuses mainly on past results.............................................
h h h h h Financial
Quick Study 1-2 (10 minutes)
h h h h
1. Indirect cost h
2. Direct cost h
3. Indirect cost h
4. Indirect cost h
5. Direct cost h
Quick Study 1-3 (10 minutes)
h h h h
1. Direct materials
h
2. Factoryoverhead h
3. Direct labor h
4. Factoryoverhead h
5. Factoryoverhead h
6. Direct materials
h
, Quick Study 1-4 (10 minutes)
h h h h
1. Product cost h
2. Period cost h
3. Product cost h
4. Period cost h
5. Product cost h
6. Period cost h
7. Period cost h
8. Product cost h
Quick Study 1-5 (10 minutes)
h h h h
1. Prime cost h
2. Conversion cost (Glue is an indirect material) h h h h h h
3. Both
4. Conversion cost h
5. Conversioncost h
6. Prime cost h
Quick Study 1-6 (10 minutes)
h h h h
Ending work in process inventory is computed as:
h h h h h h h
Work in process inventory, beginning ...............
h h h h h $ 26,000h
Direct materials used.......................................
h h h 74,000
Direct labor used..............................................
h h h 55,000
Factory overhead .............................................
h h h h 95,000
Total manufacturing costs ..............................
h h h 224,000
h
Total cost of work in process..............................
h h h h h h 250,000
Less cost of goods manufactured......................
h h h h h 220,000
h
Work in process inventory, ending.....................
h h h h h $ 30,000 h
