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Solution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda Mattison $14.99   Add to cart
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Solution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda Mattison
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Solution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda MattisonSolution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda MattisonSolution manual for horngren s accounting the managerial chapte...

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  • November 1, 2024
  • 933
  • 2024/2025
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,Table of contents
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1. Introduction to Managerial Accounting
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2. Job Order Costing
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3. Process Costingg




4. Cost-Volume-Profit Analysis g




5. Master Budgets
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6. Flexible Budgets and Standard Cost Systems
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7. Cost Allocation and Responsibility Accounting
g g g g




8. Short-Term Business Decisions
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9. Capital Investment Decisions
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,Chapter M:1 g


Introduction to Managerial Accounting
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Review Questions
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1. Whatgisgthegprimarygpurposegofgmanagerialgaccounting?

Thegprimarygpurposegofgmanagerialgaccountinggisgtogprovideginformationgtoghelpgmanagersgplan,gdire
ct,gcontrol,gandgmakegdecisions.

2. Listgsixgdifferencesgbetweengfinancialgaccountinggandgmanagerialgaccounting.

Financialgaccountinggandgmanagerialgaccountinggdiffergongthegfollowingg6gdimensions:g(1)gprimarygusers,g
(2)gpurposegofginformation,g(3)gfocusgandgtimegdimensiongofgtheginformation,g(4)grulesgandgre-
gstrictions,g(5)gscopegofginformation,gandg(6)gbehavioral.



3. Explaingthegdifferencegbetweenglinegpositionsgandgstaffgpositions.

Linegpositionsgaregdirectlyginvolvedgingprovidingggoodsgorgservicesgtogcustomers.gStaffgpositionsgsup
portglinegpositions.

4. Explaingthegdifferencesgbetweengplanning,gdirecting,gandgcontrolling.

Planninggmeansgchoosingggoalsgandgdecidingghowgtogachievegthem.gDirectingginvolvesgrunninggthegday-
to-
daygoperationsgofgagbusiness.gControllinggisgthegprocessgofgmonitoringgoperationsgandgkeepinggthegcompa
nygongtrack.

5. ListgthegfourgIMAgstandardsgofgethicalgpracticegandgbrieflygdescribegeach.

ThegfourgIMAgstandardsgofgethicalgpracticegandgagdescriptiongofgeachgfollow.
I. Competence.
Maintaingangappropriateglevelgofgprofessionalgleadershipgandgexpertisegbygenhancinggkno
wledgegandgskills.
Performgprofessionalgdutiesgingaccordancegwithgrelevantglaws,gregulations,gandgtechnicalgstan
dards.
Providegdecisiongsupportginformationgandgrecommendationsgthatgaregaccurate,gclear,gconcise,

, andgtimely.
Recognisegandghelpgmangegrisk.
II. Confidentiality.
Keepginformationgconfidentialgexceptgwhengdisclosuregisgauthorizedgorglegallygrequired.
Informgallgrelevantgpartiesgregardinggappropriategusegofgconfidentialginformation.g Monitorgtogens
uregcompliance.
Refraingfromgusinggconfidentialginformationgforgunethicalgorgillegalgadvantage.
III. Integrity.
Mitigategactualgconflictsgofginterest.gRegularlygcommunicategwithgbusinessgassociatesgtogavoidgappa
rentgconflictsgofginterest.ggAdvisegallgpartiesgofganygpotentialgconflicts.
Refraingfromgengagingginganygconductgthatgwouldgprejudicegcarryinggoutgdutiesgethically.
Abstaingfromgengaginggingorgsupportingganygactivitygthatgmightgdiscreditgthegprofession.
Contributegtogagpositivegethicalgculturegandgplacegintegritygofgthegprofessiongabovegpersonalginte
rest.

5,gcont.
IV. Credibility.
Communicateginformationgfairlygandgobjectively.
Providegallgrelevantginformationgthatgcouldgreasonablygbegexpectedgtoginfluencegangintendedguse
r’sgunderstandinggofgthegreports,ganalyses,gorgrecommendations.
Reportganygdelaysgorgdeficienciesginginformation,gtimeliness,gprocessing,gorginternalgcontrolsgingc
onformancegwithgorganizationgpolicygand/orgapplicableglaw.
Communicateganygprofessionalglimitationsgorgothergconstraintsgthatgwouldgprecludegresponsi-
gblegjudgmentgorgsuccessfulgperformancegofgangactivity.



6. Describegagservicegcompanygandggivegangexample.

Servicegcompaniesgsellgtime,gskills,gandgknowledge.gExamplesgofgservicegcompaniesgincludegphonegservic
egcompanies,gbanks,gcleaninggservicegcompanies,gaccountinggfirms,glawgfirms,gmedicalgphysi-
gcians,gandgonlinegauctiongservices.



7. Describegagmerchandisinggcompanygandggivegangexample.

Merchandisinggcompaniesgresellgproductsgtheygbuygfromgsuppliers.gMerchandisersgkeepganginventorygofgpr
oducts,gandgmanagersgaregaccountablegforgthegpurchasing,gstorage,gandgsalegofgthegproducts.gEx-
gamplesgofgmerchandisinggcompaniesgincludegtoygstores,ggrocerygstores,gandgclothinggstores.



8. Howgdogmanufacturinggcompaniesgdiffergfromgmerchandisinggcompanies?

Merchandisinggcompaniesgresellgproductsgtheygpreviouslygboughtgfromgsuppliers,gwhereasgmanufac-
gturinggcompaniesguseglabor,gequipment,gsupplies,gandgfacilitiesgtogconvertgrawgmaterialsgintognewgfin-

gishedgproducts.gIngcontrastgtogmerchandisinggcompanies,gmanufacturinggcompaniesghavegagbroadgrangego

fgproductiongactivitiesgthatgrequiregtrackinggcostsgongthreegkindsgofginventory.

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