Archives: Solution Manual
978-1111971724 Kinney 9e_Excel_03-35_IE Excel
Exercise 3-35 Name: Fill in the correct data in columns C and F. Then run a regression in Excel. The word “wrong” will appear when incorrect data is input except for the formula because formats may vary. Excel may have […]
978-1111971724 Kinney 9e_Excel_03-34_IE Excel
Exercise 3-34 Name: Fill in the correct data in the gray-shaded cells and run a regression in Excel. Excel may have different answers than the solution manual due to the precision of Excel. a. 50 175$ 44 162$ 40 154$ […]
978-1111971724 Kinney 9e_Excel_03-26_IE Excel
Exercise 3-26 Name: Insert answers into the gray-shaded cells of columns E, G, I and K. If an answer is incorrect, the word “wrong” will appear. a. 250 300 350 400 Variable costs: Supplies 1,000$ 1,200$ 1,400$ 1,600$ Direct labor […]
978-1111971724 Kinney 9e_Excel_02-53_IE Excel
Problem 2-53 Name: a – b. Insert amounts in the gray-shaded cells of columns E, F, and H. If an answer is incorrect, the word “wrong” will appear. Beg. Bal. 72,000 136,200 #2) Issued materials #1) Purch. 570,000 End. Bal. […]
978-1111971724 Kinney 9e_Excel_02-44_IE Excel
Problem 2-44 Name: Select accounts from the drop-down lists in columns C and D. Insert amounts in the gray– shaded cells of columns G, J, and L. If an anser is incorrect, the word “wrong” will appear. a. 1) 800,000 […]
978-1111971724 Kinney 9e_Excel_02-35_IE Excel
Exercise 2-35 Name: Use the drop-down boxes to select the appropriate choices for columns C and D. Insert amounts in the gray-shaded cells of columns J and L. If an answer is incorrect, the word “wrong” will appear. a. 5,000 […]
978-1111971724 Kinney 9e_Excel_02-34_IE Excel
Exercise 2-34 Name: Enter the appropriate amounts in the gray-shaded cells of columns E and F. Enter amounts to be subtracted as negatives. If an answer is incorrect, the word “wrong” will appear. a. Targé Co. Cost of Goods Sold […]
978-1111971724 Kinney 9e_Excel_02-33_IE Excel
Exercise 2-33 Name: Enter the appropriate amounts in the gray-shaded cells of columns E and F. Enter amounts to be subtracted as negatives. If an answer is incorrect, the word “wrong” will appear. a. Irresistible Art Cost of Goods Manufactured […]
978-1111971724 Kinney 9e IM Ch 19 Lecture Note Part 2
Chapter 19: Emerging Management Practices IM 9 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. a. Open-book management is a philosophy about increasing […]
978-1111971724 Kinney 9e IM Ch 19 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 19, you should be able to answer the following questions: 1. How do business process reengineering initiatives cause radical changes in the way firms execute processes? 2. How are competitive forces driving decisions […]
978-1111971724 Kinney 9e IM Ch 18 Lecture Note Part 3
Chapter 18: Inventory and Production Management IM 17 where EPR = economic production run quantity Q = estimated annual quantity produced in units S = estimated cost of setting up a production run C = estimated cost of carrying one […]
978-1111971724 Kinney 9e IM Ch 18 Lecture Note Part 2
Chapter 18: Inventory and Production Management IM 11 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. a. A primary objective of JIT is […]
978-1111971724 Kinney 9e IM Ch 18 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 18, you should be able to answer the following questions: 1. What value chain relationships are important to organizations? 2. What costs are associated with buying, producing, and carrying inventory? 3. How do […]
978-1111971724 Kinney 9e IM Ch 17 Lecture Note Part 2
Chapter 17: Implementing Quality Costs IM 10 LO.5: What are the types of quality costs, and how are those types related? F. Types of Quality Costs 1. There are four types of quality costs. a. Prevention costs are costs whose […]
978-1111971724 Kinney 9e IM Ch 17 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 17, you should be able to answer the following questions: 1. What is quality, and from whose viewpoint should it be evaluated? 2. What is benchmarking, and why do companies engage in it? […]
978-1111971724 Kinney 9e IM Ch 16 Lecture Note Part 2
Chapter 16: Managing Costs and Uncertainty IM 11 publicly accessible website, in whole or in part. v. The generalized cost variance analysis model can then be used: AP × AQ SP × AQ SP × SQ Price Variance Efficiency Variance […]
978-1111971724 Kinney 9e IM Ch 16 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 16, you should be able to answer the following questions: 1. What are the functions of a cost control system? 2. What factors cause costs to change from period to period or to […]
978-1111971724 Kinney 9e IM Ch 15 Lecture Note Part 3
Chapter 15: Capital Budgeting IM 17 publicly accessible website, in whole or in part. 3. The appendix illustrates how to compute the present value of an annuity. LO.11: (Appendix 2) What are the advantages and disadvantages of the accounting rate […]
978-1111971724 Kinney 9e IM Ch 15 Lecture Note Part 2
Chapter 15: Capital Budgeting IM 11 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. ii. Although depreciation is not a cash flow, it […]
978-1111971724 Kinney 9e IM Ch 15 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 15, you should be able to answer the following questions: 1. Why do most capital budgeting methods focus on cash flows? 2. How is payback period computed, and what does it measure? 3. […]
978-1111971724 Kinney 9e IM Ch 14 Lecture Note Part 3
Chapter 14: Performance Measurement, Balanced Scorecards, & Performance Rewards IM 18 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. a. Individuals at different […]
978-1111971724 Kinney 9e IM Ch 14 Lecture Note Part 2
Chapter 14: Performance Measurement, Balanced Scorecards, & Performance Rewards IM 11 LO.5: Why should company management focus on long-run performance? F. Differences in Perspectives 1. Financial measures are lagging indicators, or reflections of the results of past decisions. 2. Measurements […]
978-1111971724 Kinney 9e IM Ch 14 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 14, you should be able to answer the following questions: 1. Why is a mission statement important to an organization? 2. What roles do performance measures serve in organizations? 3. What guidelines or […]
978-1111971724 Kinney 9e IM Ch 13 Lecture Note Part 2
Chapter 13: Responsibility Acctg., Support Dept. Cost Allocations & Transfer Pricing IM 11 publicly accessible website, in whole or in part. c. Text Exhibit 13.13 (p. 516) illustrates the step method of allocating support department costs to operating areas at […]
978-1111971724 Kinney 9e IM Ch 13 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 13, you should be able to answer the following questions: 1. Which factors determine whether a firm should be decentralized or centralized? 2. How are decentralization and responsibility accounting related? 3. What are […]
978-1111971724 Kinney 9e IM Ch 12 Lecture Note Part 2
Chapter 12: Introduction to Cost Management Systems IM 10 posted to a publicly accessible website, in whole or in part. 1. A CMS is composed of three primary elements: motivational elements, informational elements, and reporting elements as detailed in text […]
978-1111971724 Kinney 9e IM Ch 12 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 12, you should be able to answer the following questions: 1. Why do organizations have management control systems? 2. What is a cost management system? 3. What are the organizational roles of a […]
978-1111971724 Kinney 9e IM Ch 11 Lecture Note Part 2
Chapter 11: Allocation of Joint Costs and Accounting for By-Product/Scrap IM 9 publicly accessible website, in whole or in part. 2. The value of by-product/scrap in a job order costing system should be credited to manufacturing overhead if the by-products/scrap […]
978-1111971724 Kinney 9e IM Ch 11 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 11, you should be able to answer the following questions: 1. How are the outputs of a joint process classified? 2. What management decisions must be made before beginning a joint process? 3. […]
978-1111971724 Kinney 9e IM Ch 10 Lecture Note Part 2
Chapter 10: Relevant Information for Decision Making IM 8 publicly accessible website, in whole or in part. ii. Some important factors that affect the appropriate sales mix of a company are product selling prices, sales force compensation, and advertising expenditures; […]
978-1111971724 Kinney 9e IM Ch 10 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 10, you should be able to answer the following questions: 1. What factors determine the relevance of information to decision making? 2. What are sunk costs, and why are they not relevant in […]
978-1111971724 Kinney 9e IM Ch 09 Lecture Note Part 2
Chapter 09: Break-Even Point and Cost-Volume-Profit Analysis IM 10 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. b. The margin of safety (See […]
978-1111971724 Kinney 9e IM Ch 09 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 9, you should be able to answer the following questions: 1. What is the break-even point (BEP) and why is it important? 2. How is the BEP determined and what methods are used […]
978-1111971724 Kinney 9e IM Ch 08 Lecture Note Part 2
Chapter 08: The Master Budget IM 9 publicly accessible website, in whole or in part. b. Cost of Goods Manufactured Schedule i. Management must prepare a schedule of cost of goods manufactured in order to determine cost of goods sold […]
978-1111971724 Kinney 9e IM Ch 08 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 8, you should be able to answer the following questions: 1. How are strategic planning and tactical planning related to budgeting? 2. What is the starting point of a master budget and why? […]
978-1111971724 Kinney 9e IM Ch 07 Lecture Note Part 3
Chapter 07: Standard Costing and Variance Analysis IM 17 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. a. One worker may oversee a […]
978-1111971724 Kinney 9e IM Ch 07 Lecture Note Part 2
Chapter 07: Standard Costing and Variance Analysis IM 11 AP × AQ SP × AQ SP × SQ Labor Labor Rate Variance Efficiency Variance Total Labor Variance b. The labor rate variance (LRV) is the difference between the actual wages […]
978-1111971724 Kinney 9e IM Ch 07 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 7, you should be able to answer the following questions: 1. Why are standard cost systems used? 2. How are material, labor, and overhead standards set? 3. How are material, labor, and overhead […]
978-1111971724 Kinney 9e IM Ch 06 Lecture Note Part 2
Chapter 06: Process Costing IM 11 publicly accessible website, in whole or in part. 1. Goods are transferred from a predecessor department to a successor department. a. For example, suppose a company has two departments, A and B. When the […]
978-1111971724 Kinney 9e IM Ch 06 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 6, you should be able to answer the following questions: 1. Why are equivalent units of production used in process costing? 2. How are equivalent units of production, unit costs, and inventory values […]
978-1111971724 Kinney 9e IM Ch 05 Lecture Note Part 2
Chapter 05: Job Order Costing IM 9 publicly accessible website, in whole or in part. 2. Text Exhibit 5.8 (p. 161) shows the job cost sheet at the completion of Job #PF108. a. The completed job cost sheet can be […]
978-1111971724 Kinney 9e IM Ch 05 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 5, you should be able to answer the following questions: 1. How do job order and process costing systems, as well as their related valuation methods, differ? 2. What are the fundamental characteristics […]
978-1111971724 Kinney 9e IM Ch 04 Lecture Note Part 2
Chapter 04: Activity Based Management and Activity-Based Costing IM 10 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. iv. Effectiveness of current cost […]
978-1111971724 Kinney 9e IM Ch 04 Lecture Note Part 1
Chapter 04: Activity Based Management and Activity-Based Costing IM 1 Learning Objectives After reading and studying Chapter 4, you should be able to answer the following questions: 1. In an activity-based management system, what are value-added and non-value-added activities? 2. […]
978-1111971724 Kinney 9e IM Ch 03 Lecture Note Part 2
Chapter 03: Predetermined Overhead Rates, Flexible Budgets, & Absorption/Variable Costing IM 10 5. Plantwide versus Departmental Overhead Rates. a. Because companies may produce many types of products, a single plantwide overhead rate often does not produce relevant unit cost estimates. […]
978-1111971724 Kinney 9e IM Ch 03 Lecture Note Part 1
Learning Objectives After reading and studying Chapter 3, you should be able to answer the following questions: 1. Why and how are overhead costs allocated to products and services? 2. What causes underapplied or overapplied overhead and how is it […]
978-1111971724 Kinney 9e IM Ch 02 Lecture Note Part 2
Chapter 02: Cost Terminology and Cost Behaviors IM 9 d. All organizations (retailers, manufacturers, and service firms) need management and cost accounting techniques to help them find ways to reduce costs without sacrificing quality or productivity. LO.5 What are the […]
978-1111971724 Kinney 9e IM Ch 02 Lecture Note Part 1
publicly accessible website, in whole or in part. Learning Objectives After reading and studying Chapter 2, you should be able to answer the following questions: 1. Why are costs associated with a cost object? 2. What assumptions do accountants make […]
978-1111971724 Kinney 9e IM Ch 01 Lecture Note Part 2
Chapter 01: Introduction to Cost Accounting IM 8 ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. b. The controller is responsible for delivering […]
978-1111971724 Kinney 9e IM Ch 01 Lecture Note Part 1
Learning Objectives After completing this chapter, you should be able to answer the following questions: 1. What are the relationships among financial, management, and cost accounting? 2. What are the sources of authoritative pronouncements for the practice of cost accounting? […]