Financial & Managerial Accounting14th EditionWARREN Publisher: CengageISBN: 9781337515498
Financial & Managerial Accounting
Solutions for Financial & Managerial Accounting
Problem 1DQ:
Explain the meaning of (A) differential revenue, (B) differential cost, and (C) differential income.Problem 2DQ:
A company could sell a building for 250,000 or lease it for 2,500 per month. What would need to be...Problem 3DQ:
A chemical company has a commodity-grade and premium-grade product. Why might the company elect to...Problem 4DQ:
A company accepts incremental business at a special price that exceeds the variable cost. What other...Problem 7DQ:
In the long run, the normal selling price must he set high enough to cover what factors?Problem 8DQ:
Although the cost-plus approach to product pricing may be used by management as a general guideline,...Problem 10DQ:
What is the appropriate measure of a products value when a firm is operating under production...Problem 24.1BE:
Lease or sell McFadden Company owns equipment with a cost of 475,000 and accumulated depreciation of...Problem 24.3BE:
Make or buy A company manufactures various-sized plastic bottles for its medicinal product. The...Problem 24.4BE:
Replace equipment A machine with a book value of 80,000 has an estimated five-year life. A proposal...Problem 24.5BE:
Process or sell Product J19 is produced for 11 per gallon. Product J19 can be sold without...Problem 24.6BE:
Accept business at special price Product A is normally sold for 9.60 per unit. A special price of...Problem 24.7BE:
Product cost markup percentage Green Thumb Garden Tools Inc. produces and sells home and garden...Problem 24.1EX:
Differential analysis for a lease or sell decision Granite Construction Company is considering...Problem 24.3EX:
Differential analysis for a discontinued product A condensed income statement by product line for...Problem 24.4EX:
Differential analysis for a discontinued product The condensed product-line income statement for...Problem 24.7EX:
Make-or-buy decision Fremont Computer Company has been purchasing carrying cases for its portable...Problem 24.8EX:
Make-or-buy decision for a service company The Theater Arts Guild of Dallas (TAG-D) employs five...Problem 24.9EX:
Machine replacement decision A company is considering replacing an old piece of machinery, which...Problem 24.10EX:
Differential analysis for machine replacement Kim Kwon Digital Components Company assembles circuit...Problem 24.11EX:
Sell or process further Calgary Lumber Company incurs a cost of 315 per hundred board feet (hbf) in...Problem 24.12EX:
Sell or process further Rise N Shine Coffee Company produces Columbian coffee in batches of 6,000...Problem 24.13EX:
Decision on accepting additional business Homestead Jeans Co. has an annual plant capacity of 65,000...Problem 24.14EX:
Accepting business at a special price Portable Power Company expects to operate at 80% of productive...Problem 24.16EX:
Product cost method of product pricing La Femme Accessories Inc. produces women's handbags. The cost...Problem 24.17EX:
Product cost method of product costing Smart Stream Inc. uses the product cost method of applying...Problem 24.18EX:
Target costing Toyota Motor Corporation uses target costing. Assume that Toyota marketing personnel...Problem 24.19EX:
Target costing Instant Image Inc. manufactures color laser printers. Model J20 presently Sells for...Problem 24.21EX:
Product decisions under bottlenecked operations Youngstown Glass Company manufactures three types of...Problem 24.22EX:
Appendix Total cost method of product pricing Based on the- data presented in Exercise 17, assume...Problem 24.23EX:
Appendix Variable cost method of product pricing Based on the data presented in Exercise 17, assume...Problem 24.1APR:
Differential analysis involving opportunity costs On August 1, Rantoul Stores Inc. is considering...Problem 24.2APR:
Differential analysis for machine replacement proposal Lexigraphic Priming Company is considering...Problem 24.3APR:
Differential analysis for sales promotion proposal Kankakee Cosmetics Company is planning a...Problem 24.4APR:
Differential analysis for further processing The management of Dominican Sugar Company is...Problem 24.6APR:
Product pricing and profit analysis with bottleneck operations Hercules Steel Company produces three...Problem 24.1BPR:
Differential analysis involving opportunity costs On July 1, Coastal Distribution Company is...Problem 24.2BPR:
Differential analysis for machine replacement proposal Flint Tooling Company is considering...Problem 24.3BPR:
Differential analysis for sales promotion proposal Sole Mates Inc. is planning a one-month campaign...Problem 24.4BPR:
Differential analysis for further processing The management of International Aluminum Co. is...Problem 1ADM:
Service yield pricing and differential analysis Cityscape Hotels has 200 rooms available in a major...Browse All Chapters of This Textbook
Chapter 1 - Introduction To Accounting And BusinessChapter 2 - Analyzing TransactionsChapter 3 - The Adjusting ProcessChapter 4 - Completing The Accounting CycleChapter 5 - Accounting For Merchandising BusinessesChapter 6 - InventoriesChapter 7 - Internal Control And CashChapter 8 - ReceivablesChapter 9 - Long-Term Assets: Fixed And IntangibleChapter 10 - Liabilities: Current, Installment Notes, Contingencies
Chapter 11 - Liabilities: Bonds PayableChapter 12 - Corporations: Organization, StockTransactions, And DividendsChapter 13 - Statement Of Cash FlowsChapter 14 - Financial Statement AnalysisChapter 15 - Introduction To Managerial AccountingChapter 16 - Job Order CostingChapter 17 - Process Cost SystemsChapter 18 - Activity-Based CostingChapter 19 - Cost-Volume-Profit AnalysisChapter 20 - Variable Costing For Management AnalysisChapter 21 - BudgetingChapter 22 - Evaluating Variances From Standard CostsChapter 23 - Evaluating Decentralized OperationsChapter 24 - Differential Analysis And Product PricingChapter 25 - Capital Investment AnalysisChapter 26 - Lean Manufacturing And Activity AnalysisChapter C - Appendix CChapter D - Appendix D
Book Details
Give your students a solid foundation in core accounting concepts while helping learners develop a true appreciation for why accounting is important to business and a prosperous society. Warren/Reeve/Duchac’s FINANCIAL AND MANAGERIAL ACCOUNTING, 14E clear
Sample Solutions for this Textbook
We offer sample solutions for Financial & Managerial Accounting homework problems. See examples below:
Chapter 1, Problem 1DQChapter 1, Problem 1.3BEChapter 1, Problem 1.5APRChapter 1, Problem 1.6APRChapter 1, Problem 1.5BPRChapter 1, Problem 1.6BPRChapter 1, Problem 3ADMChapter 2, Problem 1DQChapter 2, Problem 2.3APR
Chapter 2, Problem 2.4APRChapter 2, Problem 2.3BPRChapter 2, Problem 2.4BPRChapter 2, Problem 1COPChapter 3, Problem 1DQChapter 3, Problem 3.3APRChapter 3, Problem 3.5APRChapter 3, Problem 3.2BPRExplanation: The following entry shows the adjusting entry for supplies on April 30. Date Account...Chapter 3, Problem 3.5BPRChapter 3, Problem 1COPChapter 4, Problem 1DQSolution: Record the transactions directly in their respective T-accounts, and determine their...Chapter 4, Problem 4.4APRChapter 4, Problem 4.5APRChapter 4, Problem 4.4BPRChapter 4, Problem 4.5BPRChapter 4, Problem 1COPExplanation: The following table shows the differences between a merchandising businesses from a...Chapter 5, Problem 5.2APRChapter 5, Problem 5.3APRChapter 5, Problem 5.4APRChapter 5, Problem 5.1BPRChapter 5, Problem 5.2BPRChapter 5, Problem 5.3BPRChapter 5, Problem 5.4BPRChapter 5, Problem 2CPPChapter 6, Problem 1DQChapter 6, Problem 6.3APRChapter 6, Problem 6.4APRChapter 6, Problem 6.5APRChapter 6, Problem 6.4BPRExplanation: The tabular column showing inventory cost is presented as follows: Model Quantity ($)...Chapter 6, Problem 2ADMInternal Control: Internal control refers to the policies, and plans of the business organization...Explanation: Journal entry 1: Establish petty cash fund. Date Account Title and Explanation Post Ref...Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....Explanation: Journal entry 1: Establish petty cash fund. Date Account Title and Explanation Post Ref...Explanation: The deposits which are not recorded by the bank are referred to as deposits in transit....Chapter 8, Problem 1DQChapter 8, Problem 8.13EXChapter 8, Problem 8.14EXChapter 8, Problem 8.1APRChapter 8, Problem 8.4APRChapter 8, Problem 8.4BPRChapter 9, Problem 1DQChapter 9, Problem 9.3APRChapter 9, Problem 9.4APRJournalize the transactions and adjusting entries for Year 1. Date Account Title and Explanation...Explanation: Determinethe amount of depreciation for four years ending December 31 by straight-line...Explanation: Determinethe amount of depreciation for four years ending December 31 by straight-line...Chapter 9, Problem 9.5BPRChapter 10, Problem 1DQChapter 10, Problem 10.1APRChapter 10, Problem 10.3APRExplanation: Working notes: Calculate interest expense for discounted notes. Interest expense =...Explanation: Working notes: Calculate gross earnings for Mr. A. Gross earnings=Monthly salary×Number...Explanation: The following are the journal entries. 20Y5 Particulars Debit ($) Credit ($) January 3...Chapter 11, Problem 1DQChapter 11, Problem 11.1APRExplanation: Cash is an asset and it is increased. So, debit it by $26,625,925. Premium on Bonds...Chapter 11, Problem 11.1BPRCash is an asset and it is increased. So, debit it by $73,100,469. Premium on Bonds Payable is an...Chapter 12, Problem 1DQExplanation: Transaction 1: Declared 5% of stock dividends. Stock Dividends is a...Chapter 12, Problem 12.4APRChapter 12, Problem 12.5APRChapter 12, Problem 12.4BPRWorking note: Compute the amount of total cash dividends declared on March 1. Amount of total cash...Explanation: The main disadvantage is that the cash receipts and cash payments data’s might not be...Chapter 13, Problem 13.17EXExplanation: Working notes: Calculate increase or decrease in merchandise inventories: Increase or...Chapter 13, Problem 13.21EXExplanation: Working notes: Calculate the amount of cash received from customers: (Cash received...Explanation: Company AT has more revenue of $132,447 which is more than the revenue of Company F of...Explanation: In general, as said above, financial ratios are mainly used for evaluation of the...Compute working capital. Current ratio=Current assets–Current liabilities= $1,650,000 –...Chapter 14, Problem 14.4APRChapter 14, Problem 14.3BPRChapter 14, Problem 14.4BPRExplanation: Rate of return on assets(20Y8)=Net income + Interest expenseAverage total...Chapter 14, Problem 1FSAChapter 15, Problem 1DQChapter 15, Problem 15.4APRChapter 15, Problem 15.4BPRWorking Notes: Determine the in-patient days for the month of April. In−patientdays for April}=...Explanation: The two principal types of cost accounting systems are: 1. Job order cost system 2....Chapter 16, Problem 16.15EXChapter 16, Problem 16.2APRChapter 16, Problem 16.2BPRChapter 16, Problem 16.2TIFChapter 17, Problem 1DQChapter 17, Problem 17.17EXChapter 17, Problem 17.1APRChapter 17, Problem 17.1BPRChapter 17, Problem 17.2BPRChapter 17, Problem 17.4BPRExplanation: From: LB Former Plant manager Company GP To: JM Current Plant manager Company GP Re:...Chapter 18, Problem 1DQChapter 18, Problem 18.4EXChapter 18, Problem 18.13EXChapter 18, Problem 18.16EXChapter 18, Problem 18.3APRChapter 18, Problem 18.3BPRChapter 19, Problem 1DQDetermine the break-even point in sales units for the overall Product E. Fixed cost =$2,498,600...Chapter 19, Problem 19.6APRConstruct a cost-volume-profit chart indicating the break-even sales for last year. Figure (1) The...Chapter 19, Problem 19.5BPRExplanation: Prepare an estimated income statement for 20Y7. Company B Estimated Income Statement...Chapter 20, Problem 1DQChapter 20, Problem 20.14EXChapter 20, Problem 20.1APRChapter 20, Problem 20.3APRExplanation: Working notes: 1. Calculate the value of ending inventory per unit. Ending inventory...Chapter 20, Problem 20.3BPRExplanation: The three major objectives of budgeting are described below: To set the goals for the...Chapter 21, Problem 21.13EXChapter 21, Problem 21.2APRChapter 21, Problem 21.3APRChapter 21, Problem 21.2BPRChapter 21, Problem 21.3BPRChapter 22, Problem 1DQChapter 22, Problem 22.6BEChapter 22, Problem 22.5APRChapter 22, Problem 22.1BPRExplanation: Determine the direct labor time variance. Direct labor time variance} = [(Actual direct...Chapter 22, Problem 5CPPExplanation: Differences between centralized and decentralized operations: Centralized Operations...Chapter 23, Problem 23.5EXExplanation: 1) Determine ROI of MN Segment, if income from operations is $7,321,000,000, sales are...Chapter 23, Problem 23.16EXChapter 23, Problem 23.4APRChapter 23, Problem 23.4BPRChapter 24, Problem 1DQExplanation: Desired Profit: Company CD aims at earning a profit of 15% of the total investment made...Explanation: Desired Profit: Company NG aims at earning a profit of 10% of the total investment made...Chapter 24, Problem 1ADMExplanation: Operating income: Operating income refers to the income generated from the operation of...The major objection for using the average rate of return method is as follows: 1. Average rate of...The cash payback period for the given proposals is as follows: Proposal A: Initial...Chapter 25, Problem 25.6BPRChapter 25, Problem 1ADMExplanation: The benefits of lean philosophy are as follows: Lean philosophy helps to reduce the...Chapter 26, Problem 26.12EXChapter 26, Problem 26.13EXChapter 26, Problem 26.14EXChapter 26, Problem 26.3APRChapter 26, Problem 26.3BPRDue to tremendous growth in international commerce, the companies require to report to the users...Chapter D, Problem D.1EXChapter D, Problem D.5EX
More Editions of This Book
Corresponding editions of this textbook are also available below:
CENGAGENOWV2 FOR WARREN'S FINANCIAL & M
13th Edition
ISBN: 9781305267848
Bundle: Financial & Managerial Accounting, 13th + CengageNOWv2, 2 terms (12 months) Printed Access Card
13th Edition
ISBN: 9781305618909
FINANCIAL AND MANAGERIAL ACCOUNTING
13th Edition
ISBN: 9781337816045
FINANCIAL+MAN.ACCT.-WKPPRS.,V.1-W/CODE
13th Edition
ISBN: 9781337812627
Bundle: Financial & Managerial Accounting, 13th + Working Papers, Volume 1, Chapters 1-15 For Warren/reeve/duchac’s Corporate Financial Accounting, ... 13th + Cengagenow™v2, 2 Terms Access Code
13th Edition
ISBN: 9781337062268
EBK FINANCIAL & MANAGERIAL ACCOUNTING
13th Edition
ISBN: 9780100545052
Bundle: Financial & Managerial Accounting, Loose-leaf Version, 13th + CengageNOWv2, 1 term (6 months) Printed Access Card Corporate Financial ... Access Card for Managerial Accounting, 13th
13th Edition
ISBN: 9781305781429
FINANCIAL+MANG.-W/ACCESS PRACTICE SET
13th Edition
ISBN: 9781337575614
Bundle: Financial & Managerial Accounting, Loose-Leaf Version, 13th + CengageNOWv2, 2 terms Printed Access Card
13th Edition
ISBN: 9781305516717
Financial and Managerial Accounting - Access
13th Edition
ISBN: 9781305662346
Financial and Managerial Accounting - Working Papers, Chapters 16- 27
13th Edition
ISBN: 9781285869599
Financial & Managerial Accounting Value (Looseleaf)
13th Edition
ISBN: 9781305921559
CengageNOWv2, 2 terms Printed Access Card for Warren?s Financial & Managerial Accounting, 13th, 13th Edition
13th Edition
ISBN: 9781305267831
FIN + MANAGERIAL ACCT LL W/ ACCESS
13th Edition
ISBN: 9781305936850
Financial & Managerial Accounting
13th Edition
ISBN: 9781285868776
Financial & Managerial Accounting
13th Edition
ISBN: 9781285866307
Bundle: Financial & Managerial Accounting, Loose-Leaf Version, 13th + LMS Integrated for CengageNOWv2, 2 terms Printed Access Card
13th Edition
ISBN: 9781305720619
Financial & Managerial Accounting
13th Edition
ISBN: 9781305480490
Bundle: Financial & Managerial Accounting, Loose-Leaf Version, 13th + CengageNOWv2, 2 terms (12 months) Printed Access Card + Hydro Paddle Boards ... 2 terms (12 months) Printed Access Card
13th Edition
ISBN: 9781305932821
Financial and Managerial Accounting - With Access
13th Edition
ISBN: 9781305785106
Financial Managerial Accounting (Hardback) - With Access
13th Edition
ISBN: 9781305785335
Working Papers, Volume 1, Chapters 1-15 for Warren/Reeve/Duchac's Corporate Financial Accounting, 13th + Financial & Managerial Accounting, 13th
13th Edition
ISBN: 9781285869582
FINANCIAL & MANAGERIAL ACC. WITH ACCESS
16th Edition
ISBN: 9780357747872
CNOWv2 for Warren/Jones/Tayler's Financial & Managerial Accounting, 1 term Instant Access
16th Edition
ISBN: 9780357714065
Financial & Managerial Accounting
16th Edition
ISBN: 9780357714041
FINANCIAL+MANAGERIAL ACCT.(LL)-TEXT
16th Edition
ISBN: 9780357714058
FINANCIAL+MANAGERIAL ACCT.-CENGAGENOWV2
16th Edition
ISBN: 9780357714072
FINANCIAL+MANAGERIAL...(LL)-W/ACCESS
16th Edition
ISBN: 9780357747858
CAC FIN+MAN ACCT:LL+CNOWV2 2 TERM
16th Edition
ISBN: 9780357747896
FINANCIAL+MANAGERIAL ACCT.-CENGAGENOW
16th Edition
ISBN: 9780357714096
Financial And Managerial Accounting (financial & Managerial Accounting)
8th Edition
ISBN: 9780324188011
Financial And Managerial Accounting, International Edition, 8th Edition
8th Edition
ISBN: 9780324225082
Financial And Managerial Accounting / With Cd
7th Edition
ISBN: 9780324143027
Financial+managerial Accounting-w/wkprs
7th Edition
ISBN: 9780324151183
Financial & Managerial Accounting
14th Edition
ISBN: 9781337119207
FINANCIAL & MANAGERIAL ACCT LOOSE LEAF
14th Edition
ISBN: 9781337760898
Bundle: Financial & Managerial Accounting, Loose-leaf Version, 14th + Cengagenowv2, 1 Term Printed Access Card
14th Edition
ISBN: 9781337950107
Financial and Managerial Accounting - With CengageNow
14th Edition
ISBN: 9781337577809
Cengagenowv2, 1 Term Printed Access Card For Warren/reeve/duchac’s Financial & Managerial Accounting, 14th
14th Edition
ISBN: 9781337904469
Financial & Managerial Accounting 14th Ed. W/ PAC LMS Intg CNOWv2 2S
14th Edition
ISBN: 9781337591027
FINANCIAL & MAN. ACC. PRINC. WB W/ACCES
14th Edition
ISBN: 9781337803359
CengageNOWv2, 2 terms Printed Access Card for Warren/Reeve/Duchac’s Financial & Managerial Accounting, 14th
14th Edition
ISBN: 9781337270755
Financial & Managerial Accounting, Loose-Leaf Version
14th Edition
ISBN: 9781337270700
FINANCIAL+MANAGERIAL-W/ACCESS
14th Edition
ISBN: 9781337760041
FINANCIAL+MANAGERIAL..(LL) >CUSTOM PKG<
14th Edition
ISBN: 9781337802307
FINANCIAL+MANAGERIAL ACC.>LOOSE<W/ACCES
14th Edition
ISBN: 9781337812801
Bundle: Financial & Managerial Accounting, Loose-leaf Version, 14th + Working Papers For Warren/reeve/duchac's Corporate Financial Accounting, 14th + ... Financial & Managerial Accounting,
14th Edition
ISBN: 9781337802000
FINANCIAL+MANAGERIAL ACCT.-ACCESS
14th Edition
ISBN: 9781337699990
FINANCIAL+MAGNAGERIAL ACCOUNTING LL
14th Edition
ISBN: 9781337448529
Lms Integrated Cengagenowv2, 2 Terms Printed Access Card For Warren/reeve/duchac’s Financial & Managerial Accounting, 14e
14th Edition
ISBN: 9781337270779
CENGAGENOWV2 FOR WARREN/REEVE/DUCHAC S
14th Edition
ISBN: 9781337270748
Bundle: Financial & Managerial Accounting, Loose-Leaf Version, 14th + CengageNOWv2, 2 terms Printed Access Card
14th Edition
ISBN: 9781337591010
Bundle: Financial & Managerial Accounting, 14th + Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th + Working Papers, ... & Managerial Accounting, 14th + CengageNOWv2,
14th Edition
ISBN: 9781337804011
Financial & Managerial Accounting
14th Edition
ISBN: 9781337681087
Financial & Managerial Accounting
11th Edition
ISBN: 9781111527129
General Ledger Software To Accompany: Financial & Managerial Accounting, 11th Ed, Corporate Financial Accounting, 11th Ed, And Managerial Accounting, 11th Ed: Version 7
11th Edition
ISBN: 9781111529161
Financial & Managerial Accounting
12th Edition
ISBN: 9781133952428
Financial & Managerial Accounting
12th Edition
ISBN: 9781111535223
Financial And Managerial Accounting 12 Th Edition For City Collegs Of Chicago
12th Edition
ISBN: 9781305004214
Financial & Managerial Accounting
12th Edition
ISBN: 9781285534640
Financial And Managerial Accounting Or Corporate Financial Accounting: Chapters 16-27
12th Edition
ISBN: 9781285085425
Financial & Managerial Accounting/Corporate Financial Accounting, Chapters 1-15
12th Edition
ISBN: 9781285085418
Working Papers, Volume 1 For Warren/reeve/duchac's Financial & Managerial Accounting, 12th And Corporate Financial Accounting, 12th
12th Edition
ISBN: 9781285085395
FIN.+MAN.ACCTNG.-CUSTOM CNOW V.2-W/MIND
15th Edition
ISBN: 9780357421772
FIN & MAN ACCT (LL) W 1 TERM ACCESS COD
15th Edition
ISBN: 9780357267455
Financial and Managerial Accounting
15th Edition
ISBN: 9780357297162
FINANCIAL&MANAGERIAL ACCOUNTING(LL)W/AC
15th Edition
ISBN: 9781337955447
Financial and Managerial Accounting (Looseleaf) - With Workingpapers 1 and 2 and Access
13th Edition
ISBN: 9781305781054
FINANCIAL & MANAGERIAL ACCW/CENGAGENOWV
15th Edition
ISBN: 9781337955423
Financial and Managerial Accounting - CengageNow
15th Edition
ISBN: 9781337911979
Financial and Managerial Accounting - Workingpapers
15th Edition
ISBN: 9781337912112
Financial and Managerial Accounting (Looseleaf) - Text
15th Edition
ISBN: 9781337902670
Financial And Managerial Accounting
15th Edition
ISBN: 9781337902663
ACC 120 LL DAYONE PRINT BOOK
15th Edition
ISBN: 9780357068984
Financial And Managerial Accounting
15th Edition
ISBN: 9781337912143
Solutions Transparencies For B Problems (financial & Managerial Accounting Or Managerial Accounting Chapters 16-27 Or Man. Acc/ 11e Or Fin & Man Acct Using Excel 1e
10th Edition
ISBN: 9780324664805
Klooster & Allen's General Ledger Software For Warren/reeve/duchac's Financial & Managerial Accounting, 10th, Corporate Financial Accounting, 10th And Managerial Accounting, 10th
10th Edition
ISBN: 9780324664812
Working Papers, Chapters 1-15 For Warren/reeve/duchac's Corporate Financial Accounting, 10th And Financial & Managerial Accounting, 10th
10th Edition
ISBN: 9780324664669
Related Accounting Textbooks with Solutions
Still sussing out bartleby
Check out a sample textbook solution.
