100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete $16.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Managerial Accounting, 13th Edition
  4.  
  5. Managerial Accounting, 13th Edition

Exam (elaborations)

TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete
 13 views  0 purchase
  • Course
  • Managerial Accounting, 13th Edition
  • Institution
  • Managerial Accounting, 13th Edition

TEST BANK For Managerial Accounting: Creating Value in a Dynamic Business Environment, 13th Edition by Hilton | Verified Chapter's 1 - 17 | Complete Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 2: Basic Cost Management Concepts Chapter 3: Product C...

[Show more]

Preview 4 out of 1251  pages

Document information

  • October 18, 2024
  • 1251
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (30)

Written for

  • Managerial Accounting, 13th Edition
  • Managerial Accounting, 13th Edition

Seller

avatar-seller
Smartdove

Reviews received

Content preview

Solutions Manual
Managerial Accounting: Creating Value in a Dynamic
Business Environment, 13th Edition by Hilton
Chapters 1 - 17 Complete

,TABLE OF CONTENTSc c




Chapterc1:cThecChangingcRolecofcManagerialcAccountingcincacDynamiccBusinesscEnv

ironmentcChapterc2:cBasiccCostcManagementcConcepts

Chapterc3:cProductcCostingcandcCostcAccumulationcincacBatchcProductioncEnvironm

entcChapterc4:cProcesscCostingcandcHybridcProduct-CostingcSystems

Chapterc5:cActivity-BasedcCostingcandcManagement

Chapterc6:cActivitycAnalysis,cCostcBehavior,candcCostcEsti

mationcChapterc7:cCost-Volume-ProfitcAnalysis

Chapterc8:cVariablecCostingcandcthecMeasurementcofcESGcandcQualitycCo

stscChapterc9:cFinancialcPlanningcandcAnalysis:cThecMastercBudget

Chapterc10:cStandardcCostingcandcAnalysiscofcDirectcCosts

Chapterc11:cFlexiblecBudgetingcandcthecManagementcofcOverheadcandcSupportcActivi

tycCostscChapterc12:cResponsibilitycAccountingcandcthecBalancedcScorecard

Chapterc13:cInvestmentcCenterscandcTransfercPricingc

Chapterc14:cDecisioncMaking:cRelevantcCostscandcBen

efits

Chapterc15:cTargetcCostingcandcCostcAnalysiscforcPricingcDe

cisionscChapterc16:cCapitalcExpenditurecDecisions

Chapterc17:cAllocationcofcSupportcActivitycCostscandcJointcCosts




AppendixcI:cThecSarbanes-

OxleycAct,cInternalcControls,candcManagementcAccountingcAppendixcII:cCompoundcI

nterestcandcthecConceptcofcPresentcValue

AppendixcIII:cInventorycManagement

,CHAPTER 1 c


The Crucial Role of Managerial Accounting in
c c c c c c c


a Dynamic Business Environment
c c c




FOCUScONcETHICSc(LocatedcbeforecthecChaptercSummarycincthectext.)
Thecfocus-on-
ethicscinsetcforcChapterc1ciscthecIMAcStatementcofcEthicalcProfessionalcPractice.cInstructorscc
ancusecthisclistcofcethicalc principlesc andcstandardsctocleadcacclasscdiscussion.cThecdiscu
ssionccancalsocrangectocconsiderationcofchowcthesecstandardscmaychavecbeencviolate
dcbycaccountantscandcmanagerscinvolvedcincthecvariousc ethicalcscandalscuncoveredcover
cthec pastcseveralc years.c Itc iscalsocusefulctocdiscusscthec prosc andcconsc ofcthec procedurescth

atcIMAcsuggestscforcitscmemberscwhenctheycbelievectheycknowcaboutcethicalclapsescincthe
ircorganizations.

ANSWERScTOcREVIEWcQUESTIONS
1-1 Thecexplosionc inc e-
commercec willc affectc managerscinc significantc ways.c Onec effectc willcbecacdrasticcred
uctioncincpaperc work.c Millionscofc transactionscbetweenc businessesc arecnowcbeingcc
onductedcelectronicallycwithcnochard-
copycdocumentation.cAlongcwithcthiscmethodcofccommunicatingcforcbusinessctr
ansactionsccomescthecverycsignificantcissuecofcinformationcsecurity.cBusinessescn
eedctocfindcwaysctocprotectcconfidentialcinformationcinctheircownccomputers,cin
ccloudccomputing c datac centers,c andc whilec movingc acrossc thec internet,c whilec atc

thec samec timec sharingc thec informationc necessaryctoccompletectransactions.cAnothe
rceffectcofce-
commercecisc thec dramaticallyc increasedcspeedcwithcwhichcbusinessctransactionscc
ancbecconducted.cIncaddition,ctherecwillcbecdramaticcchangescincthecwaycmanageri
alcaccountingcprocedurescareccarriedcout,conecexamplecbeingccloud-
basedcbudgeting,cwhichciscthecenterprise-
widecandcelectronicccompletioncofcaccompany’scbudgetingcprocesscusingccloud-
basedcsoftwarecandcdatacstorage.

, 1-2 Plausiblec goalsc forc thec organizationsc listedc arec asc follows:
(a) Amazon.com:c(1)cTocachievecandcmaintaincprofitability,candc(2)ctocgrowco
n-
linecsalescofctheircmanycproducts.cAmazonciscalsocfamousc(infamous)cforcwant
ingctochaveceveryc productcincthec worldconcitsc site.
(b) AmericancRedcCross:c(1)cTocraisecfundscfromcthecgeneralcpubliccsufficientctoch
avecresourcescavailablectocmeetcanycdisastercthatcmaycoccur,candc(2)ctocpr
ovidecassistancectocpeoplecwhocarecvictimscofcacdisastercanywherecincthecworldconc
shortcnotice.
(c) GeneralcMotors:c(1)cTocearncincomecsufficientctocprovidecacgoodcreturnco
ncthecinvestmentcofctheccompany'scstockholders,candc(2)ctocprovidecthechighes
t-qualitycproductcpossible.
(d) Wal-
Mart:c(1)cTocpenetratecthecretailcmarketcinc virtuallyceveryclocationcincthecUnitedcSt
ates,candc(2)ctocgrowcoverctimecinctermsc ofcnumbercofcretailclocations,c totalc assets
,candc earnings.c Also,c toc beccompetitivec withc Amazoncincthec e-retailc space.
(e) CitycofcSeattle:c(1)cTocmaintaincancurbancenvironmentcascfreecofcpollution
casc possible,candc (2)ctoc providec publicc safety,c police,candcfirec protectionctoc thec

city'sccitizens.
(f) Hertz:c(1)cTocbecacrecognizablechouseholdcnamecassociatedcwithcrentalcca
rcservices,candc(2)ctocprovidecreliablecandceconomicalctransportationcservicesctocth
eccompany'sccustomers.
1-3 Thec fourc basicc managementc activitiesc arec listedc andc definedc asc follows:
(a) Decisionc making:c Choosingc amongc thec availablec alternatives.
(b) Planning:c Developingc ac detailedc financialc andc operationalc descript
ionc ofcanticipatedcoperations.
(c) Directingc operations:c Runningc thec organizationc onc ac day-to-dayc basis.
(d) Controlling:c Ensuringc thatc thec organizationc operatesc inc thec intendedc mann
erc andcachievescitscgoals.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Smartdove. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$16.49
  • (0)
  Add to cart