Test Bank for Managerial Accounting Tools for Business Decision Making 8th Edition by Weygandt

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Product Details:

  • ISBN-10 ‏ : ‎ 1119390389
  • ISBN-13 ‏ : ‎ 978-1119390381
  • Author:   Jerry J. Weygandt (Author), Paul D. Kimmel (Author), Donald E. Kieso (Author)

Managerial Accounting provides students with a clear introduction to fundamental managerial accounting concepts. One of the major goals of this product is to orient students to the application of accounting principles and techniques in practice. By providing students with numerous opportunities for practice with a focus on real-world companies, students are better prepared as decision makers in the contemporary business world.

 

Table of Content:

  1. Chapter 1 Managerial Accounting
  2. 1.1 Just Add Water … and Paddle: Current Designs
  3. 1.2 Managerial Accounting Basics
  4. Comparing Managerial and Financial Accounting
  5. Management Functions
  6. Organizational Structure
  7. 1.3 Managerial Cost Concepts
  8. Manufacturing Costs
  9. Product Versus Period Costs
  10. Illustration of Cost Concepts
  11. 1.4 Manufacturing Costs in Financial Statements
  12. Income Statement
  13. Cost of Goods Manufactured
  14. Cost of Goods Manufactured Schedule
  15. Balance Sheet
  16. 1.5 Managerial Accounting Today
  17. Service Industries
  18. Focus on the Value Chain
  19. Balanced Scorecard
  20. Business Ethics
  21. Corporate Social Responsibility
  22. End-of-Chapter Homework
  23. Review and Practice
  24. Learning Objectives Review
  25. Decision Tools Review
  26. Glossary Review
  27. Practice Multiple-Choice Questions
  28. Practice Exercises
  29. Practice Problem
  30. WileyPlus
  31. Questions
  32. Brief Exercises
  33. DO IT! Exercises
  34. Exercises
  35. Problems: Set A
  36. Continuing Cases
  37. Current Designs
  38. Waterways
  39. Expand Your Critical Thinking
  40. Chapter 2 Job Order Costing
  41. 2.1 Profiting from the Silver Screen: Disney
  42. 2.2 Cost Accounting Systems
  43. Process Cost System
  44. Job Order Cost System
  45. Job Order Cost Flow
  46. Accumulating Manufacturing Costs
  47. 2.3 Assigning Manufacturing Costs
  48. Raw Materials Costs
  49. Factory Labor Costs
  50. 2.4 Predetermined Overhead Rates
  51. 2.5 Entries for Jobs Completed and Sold
  52. Assigning Costs to Finished Goods
  53. Assigning Costs to Cost of Goods Sold
  54. Summary of Job Order Cost Flows
  55. Job Order Costing for Service Companies
  56. Advantages and Disadvantages of Job Order Costing
  57. 2.6 Applied Manufacturing Overhead
  58. Under- or Overapplied Manufacturing Overhead
  59. End-of-Chapter Homework
  60. Review and Practice
  61. Learning Objectives Review
  62. Decision Tools Review
  63. Glossary Review
  64. Practice Multiple-Choice Questions
  65. Practice Exercises
  66. Practice Problem
  67. WileyPlus
  68. Questions
  69. Brief Exercises
  70. DO IT! Exercises
  71. Exercises
  72. Problems: Set A
  73. Continuing Cases
  74. Current Designs
  75. Waterways
  76. Comprehensive Case
  77. Expand Your Critical Thinking
  78. Chapter 3 Process Costing
  79. 3.1 The Little Guy Who Could: Jones Soda
  80. 3.2 Overview of Process Cost Systems
  81. Uses of Process Cost Systems
  82. Process Costing for Service Companies
  83. Similarities and Differences Between Job Order Cost and Process Cost Systems
  84. 3.3 Process Cost Flow and Assigning Costs
  85. Process Cost Flow
  86. Assigning Manufacturing Costs—Journal Entries
  87. 3.4 Equivalent Units
  88. Weighted-Average Method
  89. Refinements on the Weighted-Average Method
  90. 3.5 The Production Cost Report
  91. Compute the Physical Unit Flow (Step 1)
  92. Compute the Equivalent Units of Production (Step 2)
  93. Compute Unit Production Costs (Step 3)
  94. Prepare a Cost Reconciliation Schedule (Step 4)
  95. Preparing the Production Cost Report
  96. Costing Systems—Final Comments
  97. 3.6 Appendix 3A: FIFO Method for Computing Equivalent Units
  98. Equivalent Units Under FIFO
  99. Comprehensive Example
  100. FIFO and Weighted-Average
  101. End-of-Chapter Homework
  102. Review and Practice
  103. Learning Objectives Review
  104. Decision Tools Review
  105. Glossary Review
  106. Practice Multiple-Choice Questions
  107. Practice Exercises
  108. Practice Problem
  109. WileyPlus
  110. Questions
  111. Brief Exercises
  112. DO IT! Exercises
  113. Exercises
  114. Problems: Set A
  115. Continuing Cases
  116. Current Designs
  117. Waterways
  118. Expand Your Critical Thinking
  119. Chapter 4 Activity-Based Costing
  120. 4.1 Precor Is on Your Side: Precor
  121. 4.2 Traditional vs. Activity-Based Costing
  122. Traditional Costing Systems
  123. Illustration of a Traditional Costing System
  124. The Need for a New Approach
  125. Activity-Based Costing
  126. 4.3 ABC and Manufacturers
  127. Identify and Classify Activities and Allocate Overhead to Cost Pools (Step 1)
  128. Identify Cost Drivers (Step 2)
  129. Compute Activity-Based Overhead Rates (Step 3)
  130. Assign Overhead Costs to Products (Step 4)
  131. Comparing Unit Costs
  132. 4.4 ABC Benefits and Limitations
  133. The Advantage of Multiple Cost Pools
  134. The Advantage of Enhanced Cost Control
  135. The Advantage of Better Management Decisions
  136. Some Limitations and Knowing When to Use ABC
  137. 4.5 ABC and Service Industries
  138. Traditional Costing Example
  139. Activity-Based Costing Example
  140. 4.6 Appendix 4A: Just-in-Time Processing
  141. Objective of JIT Processing
  142. Elements of JIT Processing
  143. Benefits of JIT Processing
  144. End-of-Chapter Homework
  145. Review and Practice
  146. Learning Objectives Review
  147. Decision Tools Review
  148. Glossary Review
  149. Practice Multiple-Choice Questions
  150. Practice Exercises
  151. Practice Problem
  152. WileyPlus
  153. Questions
  154. Brief Exercises
  155. DO IT! Exercises
  156. Exercises
  157. Problems: Set A
  158. Continuing Cases
  159. Current Designs
  160. Waterways
  161. Comprehensive Case
  162. Expand Your Critical Thinking
  163. Chapter 5 Cost-Volume-Profit
  164. 5.1 Don’t Worry—Just Get Big: Amazon.com
  165. 5.2 Cost Behavior Analysis
  166. Variable Costs
  167. Fixed Costs
  168. Relevant Range
  169. Mixed Costs
  170. 5.3 Mixed Costs Analysis
  171. High-Low Method
  172. Importance of Identifying Variable and Fixed Costs
  173. 5.4 Cost-Volume-Profit Analysis
  174. Basic Components
  175. CVP Income Statement
  176. 5.5 Break-Even Analysis
  177. Mathematical Equation
  178. Contribution Margin Technique
  179. Graphic Presentation
  180. 5.6 Target Net Income and Margin of Safety
  181. Target Net Income
  182. Margin of Safety
  183. 5.7 Appendix 5A: Regression Analysis
  184. End-of-Chapter Homework
  185. Review and Practice
  186. Learning Objectives Review
  187. Decision Tools Review
  188. Glossary Review
  189. Practice Multiple-Choice Questions
  190. Practice Exercises
  191. Practice Problem
  192. WileyPlus
  193. Questions
  194. Brief Exercises
  195. DO IT! Exercises
  196. Exercises
  197. Problems: Set A
  198. Continuing Problems
  199. Current Designs
  200. Waterways
  201. Expand Your Critical Thinking
  202. Chapter 6 Cost-Volume-Profit Analysis: Additional Issues
  203. 6.1 Not Even a Flood Could Stop It: Whole Foods Market
  204. 6.2 Basic CVP Concepts
  205. Basic Concepts
  206. Basic Computations
  207. CVP and Changes in the Business Environment
  208. 6.3 Sales Mix and Break-Even Sales
  209. Break-Even Sales in Units
  210. Break-Even Sales in Dollars
  211. 6.4 Sales Mix with Limited Resources
  212. 6.5 Operating Leverage and Profitability
  213. Effect on Contribution Margin Ratio
  214. Effect on Break-Even Point
  215. Effect on Margin of Safety Ratio
  216. Operating Leverage
  217. 6.6 Appendix 6A: Absorption Costing vs. Variable Costing
  218. Example Comparing Absorption Costing with Variable Costing
  219. Net Income Effects
  220. Decision-Making Concerns
  221. Potential Advantages of Variable Costing
  222. End-of-Chapter Homework
  223. Review and Practice
  224. Learning Objectives Review
  225. Decision Tools Review
  226. Glossary Review
  227. Practice Multiple-Choice Questions
  228. Practice Exercises
  229. Practice Problem
  230. WileyPlus
  231. Questions
  232. Brief Exercises
  233. DO IT! Exercises
  234. Exercises
  235. Problems: Set A
  236. Continuing Cases
  237. Current Designs
  238. Waterways
  239. Expand Your Critical Thinking
  240. Chapter 7 Incremental Analysis
  241. 7.1 Keeping It Clean: Method Products
  242. 7.2 Decision-Making and Incremental Analysis
  243. Incremental Analysis Approach
  244. How Incremental Analysis Works
  245. Qualitative Factors
  246. Relationship of Incremental Analysis and Activity-Based Costing
  247. Types of Incremental Analysis
  248. 7.3 Special Orders
  249. 7.4 Make or Buy
  250. Opportunity Cost
  251. 7.5 Sell or Process Further
  252. Single-Product Case
  253. Multiple-Product Case
  254. 7.6 Repair, Retain, or Replace Equipment
  255. 7.7 Eliminate Unprofitable Segment or Product
  256. End-of-Chapter Homework
  257. Review and Practice
  258. Learning Objectives Review
  259. Decision Tools Review
  260. Glossary Review
  261. Practice Multiple-Choice Questions
  262. Practice Exercises
  263. Practice Problem
  264. WileyPlus
  265. Questions
  266. Brief Exercises
  267. DO IT! Exercises
  268. Exercises
  269. Problems: Set A
  270. Continuing Cases
  271. Current Designs
  272. Waterways
  273. Expand Your Critical Thinking
  274. Chapter 8 Pricing
  275. 8.1 They’ve Got Your Size—and Color: Zappos.com
  276. 8.2 Target Costing
  277. Establishing a Target Cost
  278. 8.3 Cost-Plus and Variable-Cost Pricing
  279. Cost-Plus Pricing
  280. Limitations of Cost-Plus Pricing
  281. Variable-Cost Pricing
  282. 8.4 Time-and-Material Pricing
  283. 8.5 Transfer Prices
  284. Negotiated Transfer Prices
  285. Cost-Based Transfer Prices
  286. Market-Based Transfer Prices
  287. Effect of Outsourcing on Transfer Pricing
  288. Transfers Between Divisions in Different Countries
  289. 8.6 Appendix 8A: Absorption-Cost and Variable-Cost Pricing
  290. Absorption-Cost Pricing
  291. Variable-Cost Pricing
  292. 8.7 Appendix 8B: Transfers Between Divisions in Different Countries
  293. End-of-Chapter Homework
  294. Review and Practice
  295. Learning Objectives Review
  296. Decision Tools Review
  297. Glossary Review
  298. Practice Multiple-Choice Questions
  299. Practice Exercises
  300. Practice Problem
  301. WileyPlus
  302. Questions
  303. Brief Exercises
  304. DO IT! Exercises
  305. Exercises
  306. Problems: Set A
  307. Continuing Cases
  308. Current Designs
  309. Waterways
  310. Comprehensive Case
  311. Expand Your Critical Thinking
  312. Chapter 9 Budgetary Planning
  313. 9.1 What’s in Your Cupcake?: BabyCakes NYC
  314. 9.2 Effective Budgeting and the Master Budget
  315. Budgeting and Accounting
  316. The Benefits of Budgeting
  317. Essentials of Effective Budgeting
  318. The Master Budget
  319. 9.3 Sales, Production, and Direct Materials Budgets
  320. Sales Budget
  321. Production Budget
  322. Direct Materials Budget
  323. 9.4 Direct Labor, Manufacturing Overhead, and S&A Expense Budgets
  324. Direct Labor Budget
  325. Manufacturing Overhead Budget
  326. Selling and Administrative Expense Budget
  327. Budgeted Income Statement
  328. 9.5 Cash Budget and Budgeted Balance Sheet
  329. Cash Budget
  330. Budgeted Balance Sheet
  331. 9.6 Budgeting in Nonmanufacturing Companies
  332. Merchandisers
  333. Service Companies
  334. Not-for-Profit Organizations
  335. End-of-Chapter Homework
  336. Review and Practice
  337. Learning Objectives Review
  338. Decision Tools Review
  339. Glossary Review
  340. Practice Multiple-Choice Questions
  341. Practice Exercises
  342. Practice Problem
  343. WileyPlus
  344. Questions
  345. Brief Exercises
  346. DO IT! Exercises
  347. Exercises
  348. Problems: Set A
  349. Continuing Cases
  350. Current Designs
  351. Waterways
  352. Comprehensive Case
  353. Expand Your Critical Thinking
  354. Chapter 10 Budgetary Control and Responsibility Accounting
  355. 10.1 Pumpkin Madeleines and a Movie: Tribeca Grand Hotel
  356. 10.2 Budgetary Control and Static Budget Reports
  357. Budgetary Control
  358. Static Budget Reports
  359. 10.3 Flexible Budget Reports
  360. Why Flexible Budgets?
  361. Developing the Flexible Budget
  362. Flexible Budget—A Case Study
  363. Flexible Budget Reports
  364. 10.4 Responsibility Accounting and Responsibility Centers
  365. Controllable versus Noncontrollable Revenues and Costs
  366. Principles of Performance Evaluation
  367. Responsibility Reporting System
  368. Types of Responsibility Centers
  369. 10.5 Investment Centers
  370. Return on Investment (ROI)
  371. Responsibility Report
  372. Judgmental Factors in ROI
  373. Improving ROI
  374. 10.6 Appendix 10A: ROI vs. Residual Income
  375. Residual Income Compared to ROI
  376. Residual Income Weakness
  377. End-of-Chapter Homework
  378. Review and Practice
  379. Learning Objectives Review
  380. Decision Tools Review
  381. Glossary Review
  382. Practice Multiple-Choice Questions
  383. Practice Exercises
  384. Practice Problem
  385. WileyPlus
  386. Questions
  387. Brief Exercises
  388. DO IT! Exercises
  389. Exercises
  390. Problems: Set A
  391. Continuing Problems
  392. Current Designs
  393. Waterways
  394. Expand Your Critical Thinking
  395. Chapter 11 Standard Costs and Balanced Scorecard
  396. 11.1 80,000 Different Caffeinated Combinations: Starbucks
  397. 11.2 Overview of Standard Costs
  398. Distinguishing Between Standards and Budgets
  399. Setting Standard Costs
  400. 11.3 Direct Materials Variances
  401. Analyzing and Reporting Variances
  402. Calculating Direct Materials Variances
  403. 11.4 Direct Labor and Manufacturing Overhead Variances
  404. Direct Labor Variances
  405. Manufacturing Overhead Variances
  406. 11.5 Variance Reports and Balanced Scorecards
  407. Reporting Variances
  408. Income Statement Presentation of Variances
  409. Balanced Scorecard
  410. 11.6 Appendix 11A: Standard Cost Accounting System
  411. Journal Entries
  412. Ledger Accounts
  413. 11.7 Appendix 11B: Overhead Controllable and Volume Variances
  414. Overhead Controllable Variance
  415. Overhead Volume Variance
  416. End-of-Chapter Homework
  417. Review and Practice
  418. Learning Objectives Review
  419. Decision Tools Review
  420. Glossary Review
  421. Practice Multiple-Choice Questions
  422. Practice Exercises
  423. Practice Problem
  424. WileyPlus
  425. Questions
  426. Brief Exercises
  427. DO IT! Exercises
  428. Exercises
  429. Problems: Set A
  430. Continuing Cases
  431. Current Designs
  432. Waterways
  433. Expand Your Critical Thinking
  434. Chapter 12 Planning for Capital Investments
  435. 12.1 Floating Hotels: Holland America Line
  436. 12.2 Capital Budgeting and Cash Payback
  437. Cash Flow Information
  438. Illustrative Data
  439. Cash Payback
  440. 12.3 Net Present Value Method
  441. Equal Annual Cash Flows
  442. Unequal Annual Cash Flows
  443. Choosing a Discount Rate
  444. Simplifying Assumptions
  445. Comprehensive Example
  446. 12.4 Capital Budgeting Challenges and Refinements
  447. Intangible Benefits
  448. Profitability Index for Mutually Exclusive Projects
  449. Risk Analysis
  450. Post-Audit of Investment Projects
  451. 12.5 Internal Rate of Return
  452. Comparing Discounted Cash Flow Methods
  453. 12.6 Annual Rate of Return
  454. End-of-Chapter Homework
  455. Review and Practice
  456. Learning Objectives Review
  457. Decision Tools Review
  458. Glossary Review
  459. Practice Multiple-Choice Questions
  460. Practice Exercises
  461. Practice Problem
  462. WileyPlus
  463. Questions
  464. Brief Exercises
  465. DO IT! Exercises
  466. Exercises
  467. Problems: Set A
  468. Continuing Cases
  469. Current Designs
  470. Waterways
  471. Comprehensive Case
  472. Expand Your Critical Thinking
  473. Chapter 13 Statement of Cash Flows
  474. 13.1 Got Cash?: Microsoft
  475. 13.2 Usefulness and Format of the Statement of Cash Flows
  476. Usefulness of the Statement of Cash Flows
  477. Classification of Cash Flows
  478. Significant Noncash Activities
  479. Format of the Statement of Cash Flows
  480. 13.3 Preparing the Statement of Cash Flows—Indirect Method
  481. Indirect and Direct Methods
  482. Indirect Method—Computer Services Company
  483. Step 1: Operating Activities
  484. Summary of Conversion to Net Cash Provided by Operating Activities—Indirect Method
  485. Step 2: Investing and Financing Activities
  486. Step 3: Net Change in Cash
  487. 13.4 Analyzing the Statement of Cash Flows
  488. Free Cash Flow
  489. 13.5 Appendix 13A: Statement of Cash Flows—Direct Method
  490. Step 1: Operating Activities
  491. Step 2: Investing and Financing Activities
  492. Step 3: Net Change in Cash
  493. 13.6 Appendix 13B: Worksheet for the Indirect Method
  494. Preparing the Worksheet
  495. 13.7 Appendix 13C: Statement of Cash Flows—T-Account Approach
  496. End-of-Chapter Homework
  497. Review and Practice
  498. Learning Objectives Review
  499. Decision Tools Review
  500. Glossary Review
  501. Practice Multiple-Choice Questions
  502. Practice Exercises
  503. Practice Problem
  504. WileyPlus
  505. Questions
  506. Brief Exercises
  507. DO IT! Exercises
  508. Exercises
  509. Problems: Set A
  510. Continuing Cases
  511. Waterways
  512. Expand Your Critical Thinking
  513. Chapter 14 Financial Analysis: The Big Picture
  514. 14.1 It Pays to Be Patient: Warren Buffett
  515. 14.2 Sustainable Income and Quality of Earnings
  516. Sustainable Income
  517. Quality of Earnings
  518. 14.3 Horizontal Analysis and Vertical Analysis
  519. Horizontal Analysis
  520. Vertical Analysis
  521. 14.4 Ratio Analysis
  522. Liquidity Ratios
  523. Solvency Ratios
  524. Profitability Ratios
  525. Comprehensive Example of Ratio Analysis
  526. End-of-Chapter Homework
  527. Review and Practice
  528. Learning Objectives Review
  529. Decision Tools Review
  530. Glossary Review
  531. Practice Multiple-Choice Questions
  532. Practice Exercises
  533. Practice Problem
  534. WileyPlus
  535. Questions
  536. Brief Exercises
  537. DO IT! Exercises
  538. Exercises
  539. Problems: Set A
  540. Continuing Cases
  541. Waterways
  542. Expand Your Critical Thinking
  543. Appendix A Time Value of Money
  544. A.1 Interest and Future Values
  545. Nature of Interest
  546. Future Value of a Single Amount
  547. Future Value of an Annuity
  548. A.2 Present Values
  549. Present Value Variables
  550. Present Value of a Single Amount
  551. Present Value of an Annuity
  552. Time Periods and Discounting
  553. Present Value of a Long-Term Note or Bond
  554. A.3 Capital Budgeting Situations
  555. A.4 Using Financial Calculators
  556. Present Value of a Single Sum
  557. Present Value of an Annuity
  558. Future Value of a Single Sum
  559. Future Value of an Annuity
  560. Internal Rate of Return
  561. Useful Applications of the Financial Calculator
  562. Cases for Managerial Decision-Making
  563. Company Index
  564. Subject Index
  565. Alternate Chapter 2 Job Order Costing
  566. 2A.1 Profiting from the Silver Screen: Disney
  567. 2A.2 Cost Accounting Systems
  568. Process Cost System
  569. Job Order Cost System
  570. Job Order Cost Flow
  571. Accumulating Manufacturing Costs
  572. 2A.3 Assigning Manufacturing Costs
  573. Raw Materials Costs
  574. Factory Labor Costs
  575. 2A.4 Predetermined Overhead Rates
  576. 2A.5 Jobs Completed and Sold
  577. Assigning Costs to Finished Goods
  578. Assigning Costs to Cost of Goods Sold
  579. Summary of Job Order Cost Flows
  580. Job Order Costing for Service Companies
  581. Advantages and Disadvantages of Job Order Costing
  582. 2A.6 Applied Manufacturing Overhead
  583. Under- or Overapplied Manufacturing Overhead
  584. End-of-Chapter Homework
  585. Review and Practice
  586. Learning Objectives Review
  587. Decision Tools Review
  588. Glossary Review
  589. Practice Multiple-Choice Questions
  590. Practice Exercises
  591. Practice Problem
  592. WileyPlus
  593. Questions
  594. Brief Exercises
  595. DO IT! Exercises
  596. Exercises
  597. Problems: Set A
  598. Continuing Cases
  599. Current Designs
  600. Waterways
  601. Comprehensive Case
  602. Expand Your Critical Thinking
  603. Alternate Chapter 3 Process Costing
  604. The Little Guy Who Could: Jones Soda
  605. Overview of Process Cost Systems
  606. Uses of Process Cost Systems
  607. Process Costing for Service Companies
  608. Similarities and Differences Between Job Order Cost and Process Cost Systems
  609. 3A.1 Process Cost Flow and Assigning Costs
  610. Process Cost Flow
  611. Assigning Manufacturing Costs
  612. 3A.2 Equivalent Units
  613. Weighted-Average Method
  614. Refinements on the Weighted-Average Method
  615. 3A.3 The Production Cost Report
  616. Compute the Physical Unit Flow (Step 1)
  617. Compute the Equivalent Units of Production (Step 2)
  618. Compute Unit Production Costs (Step 3)
  619. Prepare a Cost Reconciliation Schedule (Step 4)
  620. Preparing the Production Cost Report
  621. Costing Systems—Final Comments
  622. 3A.4 Appendix 3A: FIFO Method for Computing Equivalent Units
  623. Equivalent Units Under FIFO
  624. Comprehensive Example
  625. FIFO and Weighted-Average
  626. End-of-Chapter Homework
  627. Review and Practice
  628. Learning Objectives Review
  629. Decision Tools Review
  630. Glossary Review
  631. Practice Multiple-Choice Questions
  632. Practice Exercises
  633. Practice Problem
  634. WileyPlus
  635. Questions
  636. Brief Exercises
  637. DO IT! Exercises
  638. Exercises
  639. Problems: Set A
  640. Continuing Cases
  641. Current Designs
  642. Waterways
  643. Expand Your Critical Thinking
  644. EULA