100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Solution Manual for Managerial Accounting, 8th edition by John Wild, ken Shaw, Barbara Chiappetta, Verified Chapters 1 - 13, Complete Newest Version $17.99   Add to cart

Exam (elaborations)

Solution Manual for Managerial Accounting, 8th edition by John Wild, ken Shaw, Barbara Chiappetta, Verified Chapters 1 - 13, Complete Newest Version

 6 views  0 purchase
  • Course
  • 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 S...

[Show more]

Preview 4 out of 987  pages

  • November 14, 2024
  • 987
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • managerial accounting
  • Managerial Accounting, 8th Edition
  • Managerial Accounting, 8th Edition
avatar-seller
Prose1
Wild fgand fgShaw, fgManagerial fgAccounting fg8e Solutions fgManual:
fgChapter fg1




1
Copyright fg© fg2022 fgby fgMcGraw fgHill.
All fgrights fgreserved. fgNo fgreproduction fgor fgdistribution fgwithout fgthe fgprior fgwritten
fgconsent fgof fgMcGraw fgHill.

, Wild fgand fgShaw, fgManagerial fgAccounting fg8e Solutions fgManual:
fgChapter fg1




Chapter 1 fg




Managerial Accounting Conceptsfg fg


and Principles
fg fg




QUICK fgSTUDIES
Quick fgStudy fg1-1 fg(5 fgminutes)
1. Its fgprimary fgusers fgare fgcompany fgmanagers Managerial
fg..............................

2. Its fginformation fgis fgoften fgavailable fgonly fgafter fgan fgaudit fgis Financial
fgcomplete fg.

3. Its fgprimary fgfocus fgis fgon fgthe fgorganization fgas fga fgwhole Financial
fg..............

4. Its fgprinciples fgand fgpractices fgare fgrelatively fgflexible Managerial
fg.................

5. It fgfocuses fgmainly fgon fgpast Financial
fgresults.............................................




Quick fgStudy fg1-2 fg(10 fgminutes)
1. Indirect fgcost
2. Direct fgcost
3. Indirect fgcost
4. Indirect fgcost
5. Direct fgcost

Quick fgStudy fg1-3 fg(10 fgminutes)
1. Direct fgmaterials
2. Factory fgoverhead
3. Direct fglabor
4. Factory fgoverhead
5. Factory fgoverhead
6. Direct fgmaterials
2
Copyright fg© fg2022 fgby fgMcGraw fgHill.
All fgrights fgreserved. fgNo fgreproduction fgor fgdistribution fgwithout fgthe fgprior fgwritten
fgconsent fgof fgMcGraw fgHill.

, Wild fgand fgShaw, fgManagerial fgAccounting fg8e Solutions fgManual:
fgChapter fg1


Quick fgStudy fg1-4 fg(10 fgminutes)

1. Product fgcost
2. Period fgcost
3. Product fgcost
4. Period fgcost
5. Product fgcost
6. Period fgcost
7. Period fgcost
8. Product fgcost



Quick fgStudy fg1-5 fg(10 fgminutes)

1. Prime fgcost
2. Conversion fgcost fg(Glue fgis fgan fgindirect fgmaterial)
3. Both
4. Conversion fgcost
5. Conversion fgcost
6. Prime fgcost



Quick fgStudy fg1-6 fg(10 fgminutes)
Ending fgwork fgin fgprocess fginventory fgis fgcomputed fgas:
Work fgin fgprocess fginventory, fgbeginning $
fg............... f g 26,000

Direct fgmaterials fgusedfg....................................... 74,000
Direct fglabor fgused fg.............................................. 55,000
fg
Factory fgoverhead fg.............................................
fg95,000
Total fgmanufacturing fgcosts fg.............................. fg224,000

Total fgcost fgof fgwork fgin fgprocess 250,000
fg..............................

Less fgcost fgof fggoods fgmanufactured fg 220,00
fg......................
0
Work fgin fgprocess fginventory, fgending $ fg30,000
fg.....................


3
Copyright fg© fg2022 fgby fgMcGraw fgHill.
All fgrights fgreserved. fgNo fgreproduction fgor fgdistribution fgwithout fgthe fgprior fgwritten
fgconsent fgof fgMcGraw fgHill.

, Wild fgand fgShaw, fgManagerial fgAccounting fg8e Solutions fgManual:
fgChapter fg1


Quick fgStudy fg1-6 fg(continued)
Alternative fgcalculation fgusing fgT-account:
Work fgin fgProcess fgInventory
Beginning 26,000
Direct fgmaterials 74,000
Direct fglabor 55,000
fgFactory 95,000
fgoverhead
220,000 COGM
Ending 30,000



Quick fgStudy fg1-7 fg(10 fgminutes)

Cost fgof fggoods fgsold fgis fgcomputed fgas:
Finished fggoods fginventory, fgbeginningfg................. $ 500
Cost fgof fggoods fgmanufacturedfg............................... f g 4,000
Goods fgavailable fgfor fgsale 4,500
fg......................................

Less fgfinished fggoods fginventory, fgending 700
fg..............

Cost fgof fggoods fgsold $3,800
fg...............................................




Quick fgStudy fg1-8 fg(10 fgminutes)
Finished fggoods fginventory, fgbeginning $ 345,000
fg................

Cost fgof fggoods fgmanufactured 918,000
fg..............................

Goods fgavailable fgfor fgsale 1,263,000
fg.....................................
Less fgfinished fggoods fginventory, fgending 283,000
fg.............

Cost fgof fggoods fgsold $ 980,000
fg..............................................




Alternative fgcalculation fgusing fgT-account:
Finished fgGoods fgInventory
Beginning 345,000
COGM 918,000
4
Copyright fg© fg2022 fgby fgMcGraw fgHill.
All fgrights fgreserved. fgNo fgreproduction fgor fgdistribution fgwithout fgthe fgprior fgwritten
fgconsent fgof fgMcGraw fgHill.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Prose1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
  Add to cart