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Solution Manual for Managerial Accounting, 8th edition by John Wild, ken Shaw, Barbara Chiappetta, Verified Chapters 1 - 13, Complete Newest Version$16.99
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Solution Manual for Managerial Accounting, 8th edition by John Wild, ken Shaw, Barbara Chiappetta, Verified Chapters 1 - 13, Complete Newest Version
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Managerial Accounting, 8th edition
Institution
Managerial Accounting, 8th Edition
Solution Manual for Managerial Accounting, 8th edition by John Wild, ken Shaw, Barbara Chiappetta, Verified Chapters 1 - 13, Complete Newest Version Solution Manual for Managerial Accounting, 8th edition by John Wild, ken Shaw, Barbara Chiappetta, Verified Chapters 1 - 13, Complete Newest Version
1. Its primary users are company managers ..............................
k k k k k k Managerial
2. Its information is often available only after an audit is complete .
k k k k k k k k k k k Financial
3. Its primary focus is on the organization as a whole ..............
k k k k k k k k k k Financial
4. Its principles and practices are relatively flexible .................
k k k k k k k Managerial
5. It focuses mainly on past results.............................................
k k k k k Financial
Quick Study 1-2 (10 minutes)
k k k k
1. Indirect cost
k
2. Direct cost
k
3. Indirect cost
k
4. Indirect cost
k
5. Direct cost
k
Quick Study 1-3 (10 minutes)
k k k k
1. Direct materials
k
2. Factory overhead
k
3. Direct labor
k
4. Factory overhead
k
5. Factory overhead
k
6. Direct materials
k
, Quick Study 1-4 (10 minutes)
k k k k
1. Product cost k
2. Period cost k
3. Product cost k
4. Period cost k
5. Product cost k
6. Period cost k
7. Period cost k
8. Product cost k
Quick Study 1-5 (10 minutes)
k k k k
1. Prime cost k
2. Conversion cost (Glue is an indirect material)
k k k k k k
3. Both
4. Conversion cost k
5. Conversion cost k
6. Prime cost k
Quick Study 1-6 (10 minutes)
k k k k
Ending work in process inventory is computed as:
k k k k k k k
Work in process inventory, beginning ...............
k k k k k $ 26,000
k
Direct materials used .......................................
k k k 74,000
Direct labor used ..............................................
k k k 55,000
Factory overhead .............................................
k k kk 95,000
Total manufacturing costs ..............................
k k k k 224,000
Total cost of work in process ..............................
k k k k k k 250,000
Less cost of goods manufactured ......................
k k k k k 220,000
k
Work in process inventory, ending.....................
k k k k k $ 30,000k
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