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Solution Manual for Managerial Accounting, 18th Edition By Ray Garrison, Eric Noreen and Peter Brewer, Verified Chapters 1 - 16, Complete Newest Version $15.99   Add to cart

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Solution Manual for Managerial Accounting, 18th Edition By Ray Garrison, Eric Noreen and Peter Brewer, Verified Chapters 1 - 16, Complete Newest Version

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Solution Manual for Managerial Accounting, 18th Edition By Ray Garrison, Eric Noreen and Peter Brewer, Verified Chapters 1 - 16, Complete Newes... Solution Manual for Managerial Accounting, 18th Edition By Ray Garrison, Eric Noreen and Peter Brewer, Verified Chapters 1 - 16, Complete Newest Verst V...

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  • November 6, 2024
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  • Managerial Accounting, 18th Edition
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Solution Manual for Managerial Accounting,
18th Edition
By Ray Garrison, Eric Noreen and Peter Brewer
Verified Chapter's 1 - 16 | Complete

,Table of Contents
r r




ChapterrOne:rManagerialrAccountingrandrCostrConcepts

ChapterrTwo:rJob-OrderrCosting:rCalculatingrUnitrProductrCosts

ChapterrThree:rJob-OrderrCosting:rCostrFlowsrandrExternalrReporting

ChapterrFour:rProcessrCosting

ChapterrFive:rCost-Volume-ProfitrRelationships

ChapterrSix:rVariablerCostingrandrSegmentrReporting:rToolsrforrManagement

ChapterrSeven:rActivity-BasedrCosting:rArToolrtorAidrDecisionrMaking

ChapterrEight:rMasterrBudgeting

ChapterrNine:rFlexiblerBudgetsrandrPerformancerAnalysis

ChapterrTen:rStandardrCostsrandrVariances

ChapterrEleven:rResponsibilityrAccountingrSystems

ChapterrTwelve:rStrategicrPerformancerMeasurement

ChapterrThirteen:rDifferentialrAnalysis:rTherKeyrtorDecisionrMaking

ChapterrFourteen:rCapitalrBudgetingrDecisions

ChapterrFifteen:rStatementrofrCashrFlows

ChapterrSixteen:rFinancialrStatementrAnalysis

,Chapter 1 r



Managerial Accounting and Cost Concepts
r r r r




Questions


1-1 Therthreermajorrtypesrofrproductrcostsri 1-4
nrarmanufacturingrcompanyrarerdirectrmaterials a. Variablercost:rThervariablercostrperrunitrisrc
,rdirectrlabor,randrmanufacturingroverhead. onstant,rbutrtotalrvariablercostrchangesrinrdi
rectrproportionrtorchangesrinrvolume.
1-2 b. Fixedrcost:rThertotalrfixedrcostrisrconstantrwit
a. Directrmaterialsrareranrintegralrpartrofrarfi hinrtherrelevantrrange.rTheraveragerfixedrcost
nishedrproductrandrtheirrcostsrcanrberconvenien rperrunitrvariesrinverselyrwithrchangesr inrvolu
tlyrtracedrtorit. me.
b. Indirectrmaterialsrarergenerallyrsmallritem c. Mixedrcost:rArmixedrcostrcontainsrbothrv
srofrmaterialrsuchrasrgluerandrnails.rTheyrmayrber ariablerandrfixedrcostrelements.
anrintegralrpartrofrarfinishedrproductrbutrtheirrcost
srcanrbertracedrtortherproductronlyratrgreatrcostro 1-5
rrinconvenience. a. Unitrfixedrcostsrdecreaserasrtheractivityrlevelri
c. Directrlaborrconsistsrofrlaborrcostsrthatrc ncreases.
anrbereasilyrtracedrtorparticularrproducts. b. Unitrvariablercostsrremainrconstantrasrthera
Directrlaborrisralsorcalledr―touchrlabor.‖ ctivityrlevelrincreases.
d. Indirectrlaborrconsistsrofrtherlaborrcostsro c. Totalrfixedrcostsrremainrconstantrasrthera
frjanitors,rsupervisors,rmaterialsrhandlers,randrot ctivityrlevelrincreases.
herrfactoryrworkersrthatrcannotrberconvenientlyr d. Totalrvariablercostsrincreaserasrtheractivityrl
tracedrtorparticularrproducts.rTheserlaborrcostsr evelrincreases.
arerincurredrtorsupportrproduction,rbutrtherwork
ersrinvolvedrdornotrdirectlyrworkronrtherproduct. 1-6
e. Manufacturingroverheadrincludesrallrmanu a. Costrbehavior:rCostrbehaviorrrefersrtortherw
facturingrcostsrexceptrdirectrmaterialsrandrdirectrl ayrinrwhichrcostsrchangerinrresponsertorcha
abor.rConsequently,rmanufacturingroverheadrincl ngesrinrarmeasurerofractivityrsuchrasrsalesrv
udesrindirectrmaterialsrandrindirectrlaborrasrwellra olume,rproductionrvolume,rorrordersrprocess
srotherrmanufacturingrcosts. ed.
b. Relevantrrange:rTherrelevantrrangerisrtherr
1-3 angerofractivityrwithinrwhichrassumptionsra
Arproductrcostrisranyrcostrinvolvedrinrpur boutrvariablerandrfixedrcostrbehaviorrarerva
chasingrorrmanufacturingrgoods.rInrthercaserofrm lid.
anufacturedrgoods,rthesercostsrconsistrofrdirectr
materials,rdirectrlabor,randrmanufacturingroverhe 1-7 Anractivityrbaserisrarmeasurerofrwhat
ad.rArperiodrcostrisrarcostrthatrisrtakenrdirectlyrtor everrcausesrtherincurrencerofrarvariablercost.r
therincomerstatementrasranrexpenserinrtherperio Examplesrofractivityrbasesrincluderunitsrprodu
drinrwhichritrisrincurred. ced,runitsrsold,rlettersrtyped,rbedsrinrarhospita
l,rmealsrservedrinrarcafe,rservicercallsrmade,ret
c.

1-8 Therlinearrassumptionrisrreasonablyrvalidr

, providingrthatrthercostrformularisrusedronlyrwithi
nrtherrelevantrrange.

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