This is completed downloadable of Managerial Accounting Garrison 15th Edition Solutions Manual

Product Details:

ISBN-10 ‏ : ‎ 1259343634
ISBN-13 ‏ : ‎ 978-1259343636
Author: Garrison

As the long-time #1 best-seller Garrison has helped guide close to 3 million students through managerial accounting since it was first published. It identifies the three functions managers must perform within their organisations – plan operations control activities and make decisions – and explains what accounting information is necessary for these functions how to collect it and how to interpret it. Garrison’s Managerial Accounting is known for its relevance accuracy and clarity. It is also unique in that the authors write the most important supplements that accompany the book: solutions manual test bank instructor’s manual and study guide making them both of high quality and extremely consistent with the textbook.

Table of Content:

Chapter 1 Managerial Accounting: An Overview
What Is Managerial Accounting?
Planning
Controlling
Decision Making
Why Does Managerial Accounting Matter to Your Career?
Business Majors
Accounting Majors
Professional Certification—A Smart Investment
Managerial Accounting: Beyond the Numbers
An Ethics Perspective
Code of Conduct for Management Accountants
A Strategic Management Perspective
An Enterprise Risk Management Perspective
A Corporate Social Responsibility Perspective
A Process Management Perspective
A Leadership Perspective
Intrinsic Motivation
Extrinsic Incentives
Cognitive Bias
Summary
Glossary
Questions
Exercises
Appendix 1A: Corporate Governance
Glossary (Appendix 1A)
Questions
Chapter 2 Managerial Accounting and Cost Concepts
Cost Classifications for Assigning Costs to Cost Objects
Direct Cost
Indirect Cost
Cost Classifications for Manufacturing Companies
Manufacturing Costs
Direct Materials
Direct Labor
Manufacturing Overhead
Nonmanufacturing Costs
Cost Classifications for Preparing Financial Statements
Product Costs
Period Costs
Prime Cost and Conversion Cost
Cost Classifications for Predicting Cost Behavior
Variable Cost
Fixed Cost
The Linearity Assumption and the Relevant Range
Mixed Costs
The Analysis of Mixed Costs
Diagnosing Cost Behavior with a Scattergraph Plot
The High-Low Method
The Least-Squares Regression Method
Traditional and Contribution Format Income Statements
The Traditional Format Income Statement
The Contribution Format Income Statement
Cost Classifications for Decision Making
Differential Cost and Revenue
Opportunity Cost and Sunk Cost
Summary
Review Problem 1: Cost Terms
Review Problem 2: High-Low Method
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 2A: Least-Squares Regression Computations
Glossary (Appendix 2A)
Exercises and Problems (Appendix 2A)
Appendix 2B: Cost of Quality
Summary (Appendix 2B)
Glossary (Appendix 2B)
Exercises and Problems (Appendix 2B)
Chapter 3 Job-Order Costing
Job-Order Costing—An Overview
Job-Order Costing—An Example
Measuring Direct Materials Cost
Job Cost Sheet
Measuring Direct Labor Cost
Computing Predetermined Overhead Rates
Applying Manufacturing Overhead
Manufacturing Overhead—A Closer Look
The Need for a Predetermined Rate
Choice of an Allocation Base for Overhead Cost
Computation of Unit Costs
Job-Order Costing—The Flow of Costs
The Purchase and Issue of Materials
Issue of Direct and Indirect Materials
Labor Cost
Manufacturing Overhead Costs
Applying Manufacturing Overhead
The Concept of a Clearing Account
Nonmanufacturing Costs
Cost of Goods Manufactured
Cost of Goods Sold
Schedules of Cost of Goods Manufactured and Cost of Goods Sold
Underapplied and Overapplied Overhead—A Closer Look
Computing Underapplied and Overapplied Overhead
Disposition of Underapplied or Overapplied Overhead Balances
Closed Out to Cost of Goods Sold
Allocated between Accounts
Which Method Should Be Used for Disposing of Underapplied or Overapplied Overhead?
A General Model of Product Cost Flows
Multiple Predetermined Overhead Rates
Job-Order Costing in Service Companies
Summary
Review Problem: Job-Order Costing
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 3A: Activity-Based Absorption Costing
Glossary (Appendix 3A)
Exercises and Problems (Appendix 3A)
Appendix 3B: The Predetermined Overhead Rate and Capacity
Exercises and Problems (Appendix 3B)
Chapter 4 Process Costing
Comparison of Job-Order and Process Costing
Similarities between Job-Order and Process Costing
Differences between Job-Order and Process Costing
Cost Flows in Process Costing
Processing Departments
The Flow of Materials, Labor, and Overhead Costs
Materials, Labor, and Overhead Cost Entries
Materials Costs
Labor Costs
Overhead Costs
Completing the Cost Flows
Equivalent Units of Production
Weighted-Average Method
Compute and Apply Costs
Cost per Equivalent Unit—Weighted-Average Method
Applying Costs—Weighted-Average Method
Cost Reconciliation Report
Operation Costing
Summary
Review Problem: Process Cost Flows and Costing Units
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 4A: FIFO Method
Exercises and Problems (Appendix 4A)
Appendix 4B: Service Department Allocations
Exercises and Problems (Appendix 4B)
Chapter 5 Cost-Volume-Profit Relationships
The Basics of Cost-Volume-Profit (CVP) Analysis
Contribution Margin
CVP Relationships in Equation Form
CVP Relationships in Graphic Form
Preparing the CVP Graph
Contribution Margin Ratio (CM Ratio)
Some Applications of CVP Concepts
Change in Fixed Cost and Sales Volume
Change in Variable Costs and Sales Volume
Change in Fixed Cost, Selling Price, and Sales Volume
Change in Variable Cost, Fixed Cost, and Sales Volume
Change in Selling Price
Break-Even and Target Profit Analysis
Break-Even Analysis
The Equation Method
The Formula Method
Break-Even in Dollar Sales
Target Profit Analysis
The Equation Method
The Formula Method
Target Profit Analysis in Terms of Dollar Sales
The Margin of Safety
CVP Considerations in Choosing a Cost Structure
Cost Structure and Profit Stability
Operating Leverage
Structuring Sales Commissions
Sales Mix
The Definition of Sales Mix
Sales Mix and Break-Even Analysis
Summary
Review Problem: CVP Relationships
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Chapter 6 Variable Costing and Segment Reporting: Tools for Management
Overview of Variable and Absorption Costing
Variable Costing
Absorption Costing
Selling and Administrative Expense
Summary of Differences
Variable and Absorption Costing—An Example
Variable Costing Contribution Format Income Statement
Absorption Costing Income Statement
Reconciliation of Variable Costing with Absorption Costing Income
Advantages of Variable Costing and the Contribution Approach
Enabling CVP Analysis
Explaining Changes in Net Operating Income
Supporting Decision Making
Segmented Income Statements and the Contribution Approach
Traceable and Common Fixed Costs and the Segment Margin
Identifying Traceable Fixed Costs
Traceable Costs Can Become Common Costs
Segmented Income Statements—An Example
Levels of Segmented Income Statements
Segmented Income Statements—Decision Making and Break-Even Analysis
Decision Making
Break-Even Analysis
Segmented Income Statements—Common Mistakes
Omission of Costs
Inappropriate Methods for Assigning Traceable Costs among Segments
Failure to Trace Costs Directly
Inappropriate Allocation Base
Arbitrarily Dividing Common Costs among Segments
Income Statements—An External Reporting Perspective
Companywide Income Statements
Segmented Financial Information
Summary
Review Problem 1: Contrasting Variable and Absorption Costing
Review Problem 2: Segmented Income Statements
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 6A: Super-Variable Costing
Glossary (Appendix 6A)
Exercises and Problems (Appendix 6A)
Chapter 7 Activity-Based Costing: A Tool to Aid Decision Making
Activity-Based Costing: An Overview
Nonmanufacturing Costs and Activity-Based Costing
Manufacturing Costs and Activity-Based Costing
Cost Pools, Allocation Bases, and Activity-Based Costing
Designing an Activity-Based Costing (ABC) System
Steps for Implementing Activity-Based Costing
Step 1: Define Activities, Activity Cost Pools, and Activity Measures
The Mechanics of Activity-Based Costing
Step 2: Assign Overhead Costs to Activity Cost Pools
Step 3: Calculate Activity Rates
Step 4: Assign Overhead Costs to Cost Objects
Step 5: Prepare Management Reports
Comparison of Traditional and ABC Product Costs
Product Margins Computed Using the Traditional Cost System
The Differences between ABC and Traditional Product Costs
Targeting Process Improvements
Activity-Based Costing and External Reports
The Limitations of Activity-Based Costing
Summary
Review Problem: Activity-Based Costing
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Appendix 7A: ABC Action Analysis
Summary (Appendix 7A)
Review Problem: Activity Analysis Report
Glossary (Appendix 7A)
Exercises and Problems (Appendix 7A)
Chapter 8 Master Budgeting
What Is a Budget
Advantages of Budgeting
Responsibility Accounting
Choosing a Budget Period
The Self-Imposed Budget
Human Factors in Budgeting
The Master Budget: An Overview
Seeing the Big Picture
Preparing the Master Budget
The Beginning Balance Sheet
The Budgeting Assumptions
The Sales Budget
The Production Budget
Inventory Purchases—Merchandising Company
The Direct Materials Budget
The Direct Labor Budget
The Manufacturing Overhead Budget
The Ending Finished Goods Inventory Budget
The Selling and Administrative Expense Budget
The Cash Budget
The Budgeted Income Statement
The Budgeted Balance Sheet
Summary
Review Problem: Budget Schedules
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Chapter 9 Flexible Budgets and Performance Analysis
The Variance Analysis Cycle
Flexible Budgets
Characteristics of a Flexible Budget
Deficiencies of the Static Planning Budget
How a Flexible Budget Works
Flexible Budget Variances
Activity Variances
Revenue and Spending Variances
A Performance Report Combining Activity and Revenue and Spending Variances
Performance Reports in Nonprofit Organizations
Performance Reports in Cost Centers
Flexible Budgets with Multiple Cost Drivers
Some Common Errors
Summary
Review Problem: Variance Analysis Using a Flexible Budget
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Chapter 10 Standard Costs and Variances
Standard Costs—Setting the Stage
Setting Direct Materials Standards
Setting Direct Labor Standards
Setting Variable Manufacturing Overhead Standards
Using Standards in Flexible Budgets
A General Model for Standard Cost Variance Analysis
Using Standard Costs—Direct Materials Variances
The Materials Price Variance
The Materials Quantity Variance
Using Standard Costs—Direct Labor Variances
The Labor Rate Variance
The Labor Efficiency Variance
Using Standard Costs—Variable Manufacturing Overhead Variances
The Variable Manufacturing Overhead Rate and Efficiency Variances
An Important Subtlety in the Materials Variances
Standard Costs—Managerial Implications
Advantages of Standard Costs
Potential Problems with Standard Costs
Summary
Review Problem: Standard Costs
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 10A: Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System
Glossary (Appendix 10A)
Exercises and Problems (Appendix 10A)
Appendix 10B: Journal Entries to Record Variances
Exercises and Problems (Appendix 10B)
Chapter 11 Performance Measurement in Decentralized Organizations
Decentralization in Organizations
Advantages and Disadvantages of Decentralization
Responsibility Accounting
Cost, Profit, and Investment Centers
Cost Center
Profit Center
Investment Center
Evaluating Investment Center Performance—Return on Investment
The Return on Investment (ROI) Formula
Net Operating Income and Operating Assets Defined
Understanding ROI
Criticisms of ROI
Residual Income
Motivation and Residual Income
Divisional Comparison and Residual Income
Operating Performance Measures
Delivery Cycle Time
Throughput (Manufacturing Cycle) Time
Manufacturing Cycle Efficiency (MCE)
Balanced Scorecard
Common Characteristics of Balanced Scorecards
A Company’s Strategy and the Balanced Scorecard
Tying Compensation to the Balanced Scorecard
Summary
Review Problem: Return on Investment (ROI) and Residual Income
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 11A: Transfer Pricing
Review Problem: Transfer Pricing
Glossary (Appendix 11A)
Exercises and Problems (Appendix 11A)
Appendix 11B: Service Department Charges
Glossary (Appendix 11B)
Exercises and Problems (Appendix 11B)
Chapter 12 Differential Analysis: The Key to Decision Making
Cost Concepts for Decision Making
Identifying Relevant Costs and Benefits
Different Costs for Different Purposes
An Example of Identifying Relevant Costs and Benefits
Reconciling the Total and Differential Approaches
Why Isolate Relevant Costs?
Adding and Dropping Product Lines and Other Segments
An Illustration of Cost Analysis
A Comparative Format
Beware of Allocated Fixed Costs
The Make or Buy Decision
Strategic Aspects of the Make or Buy Decision
An Example of Make or Buy
Opportunity Cost
Special Orders
Utilization of a Constrained Resource
What Is a Constraint?
Contribution Margin per Unit of the Constrained Resource
Managing Constraints
The Problem of Multiple Constraints
Joint Product Costs and the Contribution Approach
The Pitfalls of Allocation
Sell or Process Further Decisions
Activity-Based Costing and Relevant Costs
Summary
Review Problem: Relevant Costs
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Chapter 13 Capital Budgeting Decisions
Capital Budgeting—An Overview
Typical Capital Budgeting Decisions
Cash Flows versus Net Operating Income
Typical Cash Outflows
Typical Cash Inflows
The Time Value of Money
The Payback Method
Evaluation of the Payback Method
An Extended Example of Payback
Payback and Uneven Cash Flows
The Net Present Value Method
The Net Present Value Method Illustrated
Recovery of the Original Investment
An Extended Example of the Net Present Value Method
The Internal Rate of Return Method
The Internal Rate of Return Method Illustrated
Comparison of the Net Present Value and Internal Rate of Return Methods
Expanding the Net Present Value Method
Least-Cost Decisions
Uncertain Cash Flows
An Example
Preference Decisions—The Ranking of Investment Projects
Internal Rate of Return Method
Net Present Value Method
The Simple Rate of Return Method
Postaudit of Investment Projects
Summary
Review Problem: Comparison of Capital Budgeting Methods
Glossary
Questions
Applying Excel
The Foundational 15
Exercises
Problems
Cases
Appendix 13A: The Concept of Present Value
Review Problem: Basic Present Value Computations
Glossary (Appendix 13A)
Exercises (Appendix 13A)
Appendix 13B: Present Value Tables
Appendix 13C: Income Taxes and the Net Present Value Method
Summary (Appendix 13C)
Exercises and Problems (Appendix 13C)
Chapter 14 Statement of Cash Flows
The Statement of Cash Flows: Key Concepts
Organizing the Statement of Cash Flows
Operating Activities: Direct or Indirect Method?
The Indirect Method: A Three-Step Process
Step 1
Step 2
Step 3
Investing and Financing Activities: Gross Cash Flows
Property, Plant, and Equipment
Retained Earnings
Summary of Key Concepts
An Example of a Statement of Cash Flows
Operating Activities
Step 1
Step 2
Step 3
Investing Activities
Financing Activities
Seeing the Big Picture
Interpreting the Statement of Cash Flows
Consider a Company’s Specific Circumstances
Consider the Relationships among Numbers
Free Cash Flow
Earnings Quality
Summary
Review Problem
Glossary
Questions
The Foundational 15
Exercises
Problems
Appendix 14A: The Direct Method of Determining the Net Cash Provided by Operating Activities
Exercises and Problems (Appendix 14A)
Chapter 15 Financial Statement Analysis
Limitations of Financial Statement Analysis
Comparing Financial Data across Companies
Looking beyond Ratios
Statements in Comparative and Common-Size Form
Dollar and Percentage Changes on Statements
Common-Size Statements
Ratio Analysis—Liquidity
Working Capital
Current Ratio
Acid-Test (Quick) Ratio
Ratio Analysis—Asset Management
Accounts Receivable Turnover
Inventory Turnover
Operating Cycle
Total Asset Turnover
Ratio Analysis—Debt Management
Times Interest Earned Ratio
Debt-to-Equity Ratio
Equity Multiplier
Ratio Analysis—Profitability
Gross Margin Percentage
Net Profit Margin Percentage
Return on Total Assets
Return on Equity
Ratio Analysis—Market Performance
Earnings per Share
Price-Earnings Ratio
Dividend Payout and Yield Ratios
The Dividend Payout Ratio
The Dividend Yield Ratio
Book Value per Share
Summary of Ratios and Sources of Comparative Ratio Data
Summary
Review Problem: Selected Ratios and Financial Leverage
Glossary
Questions
The Foundational 15
Exercises
Problems
Appendix A: Pricing Products and Services
Introduction
The Economists’ Approach to Pricing
Elasticity of Demand
The Profit-Maximizing Price
The Absorption Costing Approach to Cost-Plus Pricing
Setting a Target Selling Price Using the Absorption Costing Approach
Determining the Markup Percentage
Problems with the Absorption Costing Approach
Target Costing
Reasons for Using Target Costing
An Example of Target Costing
Summary
Glossary
Questions
Exercises
Problems
Appendix B: Profitability Analysis
Introduction
Absolute Profitability
Relative Profitability
Volume Trade-Off Decisions
Managerial Implications
Summary
Glossary
Questions
Exercises
Problems
Cases
Credits
Index