Complete Solution Manual for Managerial Accounting (8th Edition) – Wild, Shaw & Chiappetta | Verified Ch. 1–13

Solution manual for Managerial Accounting
8th edition
by john wild, ken shaw, barbara chiappetta
Verified Chapter's 1 - 13 | Complete

,TABLE OF CONTENTS
Chapter 1: Managerial Accounting Concepts and Principles


Chapter 2: Job Order Costing and Analysis


Chapter 3: Process Costing and Analysis


Chapter 4: Activity-Based Costing and Analysis


Chapter 5: Cost Behavior and Cost-Volume-Profit Analysis


Chapter 6: Variable Costing and Analysis


Chapter 7: Master Budgets and Planning


Chapter 8: Flexible Budgets and Standard Costs


Chapter 9: Performance Measurement and Responsibility Accounting


Chapter 10: Relevant Costs for Managerial Decisions


Chapter 11: Capital Budgeting and Investment Analysis


Chapter 12: Reporting Cash Flows


Chapter 13: Analysis of Financial Statements

,Chapter 1
Managerial Accounting Concepts
and Principles

QUICK STUDIES
Quick Study 1-1 (5 minutes)
1. Its primary users are company managers .............................. Managerial
2. Its information is often available only after an audit is complete . Financial
3. Its primary focus is on the organization as a whole .............. Financial
4. Its principles and practices are relatively flexible ................. Managerial
5. It focuses mainly on past results............................................. Financial


Quick Study 1-2 (10 minutes)
1. Indirect cost
2. Direct cost
3. Indirect cost
4. Indirect cost
5. Direct cost

Quick Study 1-3 (10 minutes)
1. Direct materials
2. Factory overhead
3. Direct labor
4. Factory overhead
5. Factory overhead
6. Direct materials

, QuickStudy1-4(10 minutes)
* * * *




1. Productcost *




2. Periodcost *




3. Productcost *




4. Periodcost *




5. Productcost *




6. Periodcost *




7. Periodcost *




8. Productcost *




QuickStudy1-5(10 minutes)
* * * *




1. Primecost *




2. Conversioncost(Glueisanindirectmaterial) * * * * * *




3. Both
4. Conversioncost *




5. Conversioncost *




6. Primecost *




QuickStudy1-6(10 minutes)
* * * *




Endingworkinprocessinventoryiscomputedas:
* * * * * * *




Workinprocessinventory,beginning...............
* * * * * $ 26,000 *




Directmaterialsused.......................................
* * * 74,000
Directlaborused..............................................
* * * 55,000
Factoryoverhead............................................. * * * * 95,000
Totalmanufacturingcosts..............................
* * * 224,000
*




Totalcostofworkinprocess..............................
* * * * * * 250,000
Lesscostofgoodsmanufactured......................
* * * * * 220,000
*




Workinprocessinventory,ending.....................
* * * * * $30,000 *