SOLUTIONS MANUAL
to accompany
MANAGERIAL
ACCOUNTING
Tools for Business Decision Making
2ND Edition
Jerry J. Weygandt
Donald E. Kieso
Paul D. Kimmel
,
, Contents
Preface to the Instructor
Supplementary Materials and Teaching Aids
Chapter 1 Managerial Accounting
Chapter 2 Job Order Cost Accounting
Chapter 3 Process Cost Accounting
Chapter 4 Activity-Based Costing
Chapter 5 Cost-Volume-Profit Relationships
Chapter 6 Budgetary Planning
Chapter 7 Budgetary Control and Responsibility Accounting
Chapter 8 Performance Evaluation Through Standard Costs
Chapter 9 Incremental Analysis
Chapter 10 Capital Budgeting
Chapter 11 Pricing Decisions
Chapter 12 Statement of Cash Flows
Chapter 13 Financial Statement Analysis
Appendix C Time Value of Money
Solutions to Cases for Management Decision Making
Comprehensive CD Problem: Chapters 1 to 11
iii
, CHAPTER 1
Managerial Accounting
ASSIGNMENT CLASSIFICATION TABLE
Brief A B
Study Objectives Questions Exercises Exercises Problems Problems
1. Explain the distinguish- 1, 2, 3, 4 1, 2
ing features of manage-
rial accounting.
2. Identify the three broad 5, 6 3
functions of manage-
ment.
3. Define the three classes 9, 10 4, 5, 7 1, 2, 3 1A, 2A 1B, 2B
of manufacturing costs.
4. Distinguish between 11 6, 7 2, 3 1A, 2A 1B, 2B
product and period
costs.
5. Explain the difference 7, 12 4, 6, 7, 8, 3A, 4A, 5A 3B, 4B, 5B
between a merchandis- 9, 10
ing and a manufacturing
income statement.
6. Indicate how cost of 13, 14, 15, 8, 10, 11 4, 5, 6, 7, 3A, 4A, 5A 3B, 4B, 5B
goods manufactured is 16 8, 9, 10
determined.
7. Explain the difference 8, 17, 20 9 4, 8, 10 3A, 4A 3B, 4B
between a merchandis-
ing and a manufacturing
balance sheet.
*8. Prepare a work sheet 18, 19, 20 12 11 6A
and closing entries for a
manufacturing company.
*Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix
to the chapter.
iv 1-1