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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 $16.49   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 Newest Version Solution Manual for Managerial Accounting, 18th Edition By Ray Garrison, Eric Noreen and Peter Brewer, Verified Chapters 1 - 16, Complete Newest V...

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  • October 2, 2024
  • 1386
  • 2024/2025
  • Exam (elaborations)
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  • managerial accounting
  • managerial
  • Managerial Accounting, 18th Edition
  • 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
o o




ChapteroOne:oManagerialoAccountingoandoCostoConcepts

ChapteroTwo:oJob-OrderoCosting:oCalculatingoUnitoProductoCosts

ChapteroThree:oJob-OrderoCosting:oCostoFlowsoandoExternaloReporting

ChapteroFour:oProcessoCosting

ChapteroFive:oCost-Volume-ProfitoRelationships

ChapteroSix:oVariableoCostingoandoSegmentoReporting:oToolsoforoManagement

ChapteroSeven:oActivity-BasedoCosting:oAoToolotooAidoDecisionoMaking

ChapteroEight:oMasteroBudgeting

ChapteroNine:oFlexibleoBudgetsoandoPerformanceoAnalysis

ChapteroTen:oStandardoCostsoandoVariances

ChapteroEleven:oResponsibilityoAccountingoSystems

ChapteroTwelve:oStrategicoPerformanceoMeasurement

ChapteroThirteen:oDifferentialoAnalysis:oTheoKeyotooDecisionoMaking

ChapteroFourteen:oCapitaloBudgetingoDecisions

ChapteroFifteen:oStatementoofoCashoFlows

ChapteroSixteen:oFinancialoStatementoAnalysis

,Chapter 1 o




Managerial Accounting and Cost Concepts
o o o o




Questions


1-1 Theothreeomajorotypesoofoproductocostso 1-4
inoaomanufacturingocompanyoareodirectomaterial a. Variableocost:oTheovariableocostoperounitoiso
s,odirectolabor,oandomanufacturingooverhead. constant,obutototalovariableocostochangesoino
directoproportionotoochangesoinovolume.
1-2 b. Fixedocost:oTheototalofixedocostoisoconstantowi
a. Directomaterialsoareoanointegralopartoofoao thinotheorelevantorange.oTheoaverageofixedoco
finishedoproductoandotheirocostsocanobeoconveni stoperounitovariesoinverselyowithochangeso inov
entlyotracedotooit. olume.
b. Indirectomaterialsoareogenerallyosmalloitem c. Mixedocost:oAomixedocostocontainsobotho
soofomaterialosuchoasoglueoandonails.oTheyomayobe variableoandofixedocostoelements.
oanointegralopartoofoaofinishedoproductobutotheiroco

stsocanobeotracedotootheoproductoonlyoatogreatocos 1-5
tooroinconvenience. a. Unitofixedocostsodecreaseoasotheoactivityoleveloi
c. Directolaboroconsistsoofolaborocostsothato ncreases.
canobeoeasilyotracedotooparticularoproducts. b. Unitovariableocostsoremainoconstantoasotheo
Directolaboroisoalsoocalledo―toucholabor.‖ activityoleveloincreases.
d. Indirectolaboroconsistsoofotheolaborocostso c. Totalofixedocostsoremainoconstantoasotheo
ofojanitors,osupervisors,omaterialsohandlers,oando activityoleveloincreases.
otherofactoryoworkersothatocannotobeoconvenien d. Totalovariableocostsoincreaseoasotheoactivityo
tlyotracedotooparticularoproducts.oTheseolaboroco leveloincreases.
stsoareoincurredotoosupportoproduction,obutotheo
workersoinvolvedodoonotodirectlyoworkoonotheopr 1-6
oduct. a. Costobehavior:oCostobehaviororefersotootheo
e. Manufacturingooverheadoincludesoalloman wayoinowhichocostsochangeoinoresponseotooc
ufacturingocostsoexceptodirectomaterialsoandodire hangesoinoaomeasureoofoactivityosuchoasosal
ctolabor.oConsequently,omanufacturingooverheado esovolume,oproductionovolume,ooroordersopr
includesoindirectomaterialsoandoindirectolaboroaso ocessed.
welloasootheromanufacturingocosts. b. Relevantorange:oTheorelevantorangeoisotheo
rangeoofoactivityowithinowhichoassumptionso
1-3 aboutovariableoandofixedocostobehavioroareo
Aoproductocostoisoanyocostoinvolvedoinopu valid.
rchasingooromanufacturingogoods.oInotheocaseoofo
manufacturedogoods,otheseocostsoconsistoofodire 1-7 Anoactivityobaseoisoaomeasureoofowhat
ctomaterials,odirectolabor,oandomanufacturingoove everocausesotheoincurrenceoofoaovariableocost.o
rhead.oAoperiodocostoisoaocostothatoisotakenodirectl Examplesoofoactivityobasesoincludeounitsoprod
yotootheoincomeostatementoasoanoexpenseoinotheo uced,ounitsosold,olettersotyped,obedsoinoaohosp
periodoinowhichoitoisoincurred. ital,omealsoservedoinoaocafe,oserviceocallsomad
e,oetc.

1-8 Theolinearoassumptionoisoreasonablyovali

, doprovidingothatotheocostoformulaoisousedoonlyowi
thinotheorelevantorange.

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