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SOLUTION MANUAL Managerial Accounting Tools for Business Decision Making 9th Edition by Jerry J. Weygandt, Paul D. Kimmel All Chapters 1-14, Complete$16.99
SOLUTION MANUAL Managerial Accounting Tools for Business Decision Making 9th Edition by Jerry J. Weygandt, Paul D. Kimmel All Chapters 1-14, CompleteSOLUTION MANUAL Managerial Accounting Tools for Business Decision Making 9th Edition by Jerry J. Weygandt, Paul D. Kimmel All Chapters 1-14, CompleteS...
Managerial Accounting Tools forBusiness Decision
v v v v v
Making v v
9thEdition byJerryJ.Weygandt, PaulD.Kimmel
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Chapters 1-14,Complete
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,TABLEOFCONTENTS V V
Chapter 1: Managerial Accounting
v v v
Chapter 2: Job Order Costing
v v v v
Chapter 2A: Job Order Costing: Non-Debit and Credit Approach
v v v v v v v v
Chapter 3: Process Costing
v v v
Chapter 3A: Process Costing: Non-Debit and Credit Approach
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Chapter 4: Activity-Based Costing
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Chapter 5: Cost-Volume-Profit
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Chapter 6: Cost-Volume-Profit Analysis: Additional Issues
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Chapter 7: Incremental Analysis
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Chapter 8: Pricing
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Chapter 9: Budgetary Planning
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Chapter 10: Budgetary Control and Responsibility Accounting
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Chapter 11: Standard Costs and Balanced Scorecard
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Chapter 12: Planning for Capital Investments
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Chapter 13: Statement of Cash Flows
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,Chapter 14: Financial Analysis
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CHAPTER1 v
ManagerialAccounting v
LearningObjectives v
1. Identifythe featuresof managerialaccounting and the functionsof management.
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2. Describe the classes of manufacturing costs and the differences between product and
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v periodcosts. v
3. Demonstrate how to compute cost of goods manufactured and prepare financial statementsv v v v v v v v v v v
v for amanufacturer.
v v
4. Discuss trendsin managerial accounting. v v v v
ANSWERSTOQUESTIONS v v
1. (a) Not true. Managerial accounting is a field of accounting that provides economic and
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financial information for managers and other internal users.
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(b) Joe is incorrect. Managerial accounting applies to all types of businesses—service,
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merchandising, and manufacturing.
v v v
LO1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Management
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2. (a) Financial accounting is concerned primarily with external users such as stockholders,
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creditors, and regulators. In contrast, managerial accounting is concerned primarily with
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internal users such as officers and managers.
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(b) Financial statements are the end product of financial accounting. These statements are v v v v v v v v v v v
prepared quarterly and annually. In managerial accounting, internal reports may be
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prepared asfrequently as needed.
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(c) The purpose of financial accounting is to provide general-purpose information for
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external users. The purpose of managerial accounting is to provide special-purpose
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, v information for specific internal decisions. v v v v
LO1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Measurement, Analysis and Interpretation IMA: Cost Management
v v v v v v v vv v v v v v v v v v v
3. Differences in the content of the reports are asfollows:
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v Financial v Managerial
Pertains to business as a whole and v v v v v v Pertains to subunits of the business v v v v v
v ishighly aggregated.
v v v andmay be very detailed.
v v v v
Limited to accrual accounting and cost data.
v v v v v v Extends beyond accrual
Generallyacceptedaccountingprinciples. v v v accounting
system to anyrelevant data.
v v v v
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