Managerial Accounting: Creating Value i...11th EditionHILTON Publisher: MCG COURSEISBN: 9781259727757
Managerial Accounting: Creating Value i...
Solutions for Managerial Accounting: Creating Value in a Dynamic Business Environment
Problem 1RQ:
Describe the importance of cost behavior patterns in planning, control, and decision making.Problem 2RQ:
Define the following terms, and explain the relationship between them: (a) cost estimation, (b) cost...Problem 3RQ:
Suggest an appropriate activity base (or cost driver) for each of the following organizations: (a)...Problem 4RQ:
Draw a simple graph of each of the following types of cost behavior patterns: (a) variable, (b)...Problem 5RQ:
Explain the impact of an increase in the level of activity (or cost driver) on (a) total fixed cost...Problem 7RQ:
Explain the impact of an increase in the level of activity (or cost driver) on (a) total variable...Problem 9RQ:
Indicate which of the following descriptions is most likely to describe each cost listed below.Problem 12RQ:
Suggest an appropriate independent variable to use in predicting the costs of the following tasks....Problem 13RQ:
What is an outlier? List some possible causes of outliers. How should outliers be handled in cost...Problem 15RQ:
Describe the visual-fit method of cost estimation. What are the main strengths and weaknesses of...Problem 16RQ:
What is the chief drawback of the high-low method of cost estimation? What problem could an outlier...Problem 17RQ:
Explain the meaning of the term least squares in the least-squares regression method of cost...Problem 20RQ:
List several possible cost drivers that could be used by a cruise line such as Carnival.Problem 23E:
The behavior of the annual maintenance and repair cost in the Bus Transportation Department of the...Problem 24E:
WMEJ is an independent television station run by a major state university. The stations broadcast...Problem 25E:
Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to...Problem 26E:
Jonathan Macintosh is a highly successful Pennsylvania orchardman who hits formed his own company to...Problem 28E:
The Iowa City Veterinary Laboratory performs a variety of diagnostic tests on commercial and...Problem 29E:
Chillicothe Meat Company produces one of the best sausage products in southern Ohio. The companys...Problem 30E:
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season....Problem 34E:
Gator Beach Marts, a chain of convenience grocery stores in the Fort Lauderdale area, has store...Problem 35P:
For each of the cost items described below, choose the graph (see below) that best represents it. 1....Problem 36P:
The following selected data were taken from the accounting records of Metcalf Manufacturing. The...Problem 37P:
Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial -reporting...Problem 38P:
Nations Capital Fitness, Inc. operates a chain of fitness centers in the Washington, D.C., area. The...Problem 39P:
The Allegheny School of Music has hired you as a consultant to help in analyzing the behavior of the...Problem 41P:
(Note: Instructors who wish to cover all three cost-estimation methods with the same data set may...Problem 42P:
Refer to the original data in the preceding problem for Marthas Vineyard Marine Supply. Required: 1....Problem 43P:
Shortly after being hired as an analyst with Global American Airlines, Kim Williams was asked to...Problem 44P:
The controller of Chittenango Chain Company believes that the identification of the variable and...Problem 45P:
Dana Rand owns a catering company that prepares banquets and parties for both individual and...Problem 46P:
Madison County Airport handles several daily commuter flights and many private flights. The county...Browse All Chapters of This Textbook
Chapter 1 - The Changing Role Of Managerial Accounting In A Dynamic Business EnvironmentChapter 2 - Basic Cost Management ConceptsChapter 3 - Product Costing And Cost Accumulation In A Batch Production EnvironmentChapter 4 - Process Costing And Hybrid Product-costing SystemsChapter 5 - Activity-based Costing And ManagementChapter 6 - Activity Analysis, Cost Behavior, And Cost EstimationChapter 7 - Cost-volume-profit AnalysisChapter 8 - Variable Costing And The Costs Of Quality And SustainabilityChapter 9 - Financial Planning And Analysis: The Master BudgetChapter 10 - Standard Costing And Analysis Of Direct Costs
Chapter 11 - Flexible Budgeting And Analysis Of Overhead CostsChapter 12 - Responsibility Accounting, Operational Performance Measures, And The Balanced ScorecardChapter 13 - Investment Centers And Transfer PricingChapter 14 - Decision Making: Relevant Costs And BenefitsChapter 15 - Target Costing And Cost Analysis For Pricing DecisionsChapter 16 - Capital Expenditure DecisionsChapter 17 - Allocation Of Support Activity Costs And Joint CostsChapter I - The Sarbanes-oxley Act, Internal Controls, And Management AccountingChapter II - Compound Interest And The Concept Of Present ValueChapter III - Inventory Management
Book Details
The emphasis of Managerial Accounting 11th edition is on teaching students to use accounting information to best manage an organization. In a practice Hilton pioneered in the first edition each chapter is written around a realistic business or focus compa
Sample Solutions for this Textbook
We offer sample solutions for Managerial Accounting: Creating Value in a Dynamic Business Environment homework problems. See examples below:
Chapter 1, Problem 1RQChapter 2, Problem 1RQVariable cost: variable cost is the cost that changes according to the production of goods. Fixed...Chapter 2, Problem 38PChapter 2, Problem 41PChapter 2, Problem 60CChapter 3, Problem 1RQChapter 3, Problem 45PChapter 3, Problem 46P
Chapter 3, Problem 53PChapter 3, Problem 57P1. Calculate the sales revenue for November. Sales revenue=Cost of goods...Chapter 3, Problem 62CChapter 4, Problem 1RQChapter 4, Problem 33PChapter 5, Problem 1RQChapter 5, Problem 57PActivity-based costing: It is a method that helps in finding the activities performed by a company...Chapter 6, Problem 1RQBreak-even Point: It refers to a point in the level of operations at which a company experiences its...The term sales mix refers to the relative percentage of the total sales based on the provided number...Chapter 7, Problem 39PChapter 7, Problem 50PContribution Margin: It is defined as the difference between the sales and the variable cost. In...Chapter 7, Problem 55CChapter 8, Problem 1RQChapter 8, Problem 39PAbsorption Costing: “Absorption costing is a method that allocates “direct labor, direct materials,...Chapter 8, Problem 43CVariable Costing: Managers frequently use variable costing for internal purposes for taking decision...Chapter 9, Problem 1RQChapter 9, Problem 31PProduction Budget: The production budget refers to that budget which forecasts the production for...Chapter 9, Problem 44PChapter 9, Problem 47CVariance: Variance refers to the difference level in the actual cost incurred and standard cost. The...Chapter 10, Problem 36PChapter 10, Problem 45PChapter 10, Problem 46PChapter 10, Problem 50CChapter 11, Problem 1RQChapter 11, Problem 44PChapter 11, Problem 48PChapter 11, Problem 50PChapter 11, Problem 51PFlexible Budget: A flexible budget is a budget that is prepared for different levels of the output....Chapter 12, Problem 1RQChapter 12, Problem 32ESegment reporting: Segment reporting refers to the process of preparing accounting report by segment...Gain sharing plan: A gain sharing plan is an incentive system that indicates a formula by which cost...Chapter 12, Problem 52CChapter 12, Problem 53CChapter 13, Problem 1RQWorking note (a): Calculate the amount of sales margin for Division A. Sales margin=IncomeSales...Chapter 13, Problem 42PChapter 13, Problem 46PChapter 13, Problem 48PDraw a simple diagram portraying the two divisions and their products and also show the two...Decision making process: Decision making process requires an understanding of a grasp of illegal...Chapter 14, Problem 44PChapter 14, Problem 50PIncremental Analysis: Incremental analysis refers to the analysis of differential revenue that could...Special order: The order received from special customers (except regular customers) at special price...Chapter 14, Problem 57PChapter 14, Problem 62CPricing decisions: Pricing decisions is one of the most important and required decision for the...Cost-plus-markup approach: The pricing approach used by the companies to set the target selling...Target costing: In a competitive market, companies cannot set prices based on cost alone, because...Show the way in which SF Incorporation derived its plantwide predetermined overhead rate of $10 per...Capital budgeting: Capital budgeting is a process by which the management can plan and evaluate the...Net present value method (NVP): Net present value method is the method which is used to compare the...Payback period: Payback period is the expected time period which is required to recover the cost of...Chapter 16, Problem 58PChapter 16, Problem 59CNet present value method (NVP): Net present value method is the method which is used to compare the...Service department: A service department is a division in an organization which is not involved...Service department: A service department is a division in an organization which is not involved...Chapter 17, Problem 32PReciprocal-services method: The term reciprocal service refers to the circumstances under which two...Sarbanes Oxley Act (SOX): Sarbanes Oxley act, 2002 provides accounting guidelines to prevent...Chapter II, Problem 1RQChapter III, Problem 1RQ
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