Managerial Accounting - 15th Edition - by Ray H Garrison, Eric Noreen, Peter C. Brewer Professor - ISBN 9780078025631

Managerial Accounting
15th Edition
Ray H Garrison, Eric Noreen, Peter C. Brewer Professor
Publisher: McGraw-Hill Education
ISBN: 9780078025631

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Book Details

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.

Sample Solutions for this Textbook

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Explanation:− Direct material and direct labour costs are generally incurred for a particular job...Chapter 3, Problem 1AEChapter 3, Problem 2AEThis calculation is done in the workbook and it is explained below, Chapter 2: Applying Excel Data...Chapter 3, Problem 4AEChapter 3, Problem 20EThe calculations are obtained as under following the steps given in the brackets- Particulars ICU...Chapter 4.A, Problem 6EProcess costing: It is a cost allocation and cost calculation system, where costs are allocated to...Explanations: Formulas used: Total cost = Cost of beginning work in process inventory+ cost added...The total cost of Transferred-in cost shall be the sum total of transferred in cost included in...Chapter 4, Problem 20C: In simple words, a contribution margin is the difference between the sales revenue and variable...: A sales mix combination of two or more product being sold by a firm. Due to changes in the sales...A margin of safety is calculated by deducting the break-even sales in dollars from the budgeted...A contribution margin is calculated by deducting the variable expenses from the sales revenue. So,...Chapter 5, Problem 12E1. Computation of required sales in unit and dollar to attain a target profit of $1,200 Required...1. Compute Pittman Company’s break-even point in dollar sales for next year assuming; Break−even...Solution: In absorption costing we are charging fixed manufacturing overheads as product cost while...Chapter 6, Problem 6EGiven: The Total fixed cost and Contribution earned and sales revenue is given. Formula: The formula...In variable costing, direct material, direct labour and variable manufacturing expenses are...In variable costing, direct material, direct labor and variable manufacturing expenses are...Statement that shows the calculation of unit cost of product, Particulars Year 1($) Year 2($) Year...Prepare contribution format income statement, Contribution margin income statement Particulars...Under traditional method, costs are divided into direct cost, indirect cost, fixed cost and variable...Given: The Estimated overheads of the activity and expected activity of each activity pool have been...A budget is a financial statement made for the purpose of knowing prospective revenue, expenses and...Chapter 8, Problem 6F15Chapter 8, Problem 10ETotal cash collection of the July August, September and December are $209,500, 217,500, 226,500 and...Chapter 8, Problem 14ESchedule of expected cash collection Particulars December January February March Quarter Budgeted...In simple words, it is an estimation of incomes and expenses regarding future course of business...Variance is ascertained by the determining the difference between actual amounts and budgeted...The actual results are the value of costs taken as provided in the exercise which is derive from the...The planning budget is prepared by multiplying the budgeted activity with cost formulas and the...1. If the planning budget is compared with actual results, the variances in the cost and revenue are...1. A flexible budget is prepared based on actual activity. The costs are adjusted according to the...1 The predetermined overhead rate is $10.00 per direct labor hour , and the variable element is $2...Solution: Quantity standard is units of direct material used to produce each unit of output....Chapter 10, Problem 4EChapter 10, Problem 12PMaterial Price and Quantity variances are calculated as follows: Direct Material Price Variance:...1. Computation of total standard cost Materials used $16,800 Direct labor $21,000 Variable...Decentralization takes care of this problem by ensuring delegation of work to those at middle and...Explanation: Throughput time comprises of two main categories of elements i.e. Value added and Non...Margin is the percentage of Profit earned by an entity in a given reporting period. Profit is...Given: Sales = $10,000,000 Variable Expense = $6,000,000 Fixed Expenses=$3,200,000 Cost of capital =...Throughput time comprises of two main categories of elements i.e. Value added and Non Value added...Given: Sales = $4,000,000 Variable Expense = $2,800,000 Fixed Expenses=$840,000 Average Operating...The Relevant cost in the decision making is a cost which has the relevance while taking up...The incremental net operating profit (loss) is the difference between incremental revenues and...The incremental net operating profit (loss) is the difference between incremental revenues and...The incremental net operating profit (loss) is the difference between incremental revenues and...The financial advantage (disadvantage) will be the net operating income lost due to discontinuance...In order to find the financial advantage of producing 25% over 60000 units, the following steps will...Given: Following information are given in the question: Direct labor rate = $16 per hour Debbie...Solution: At the point when an independent venture is pondering a noteworthy interest in its own...Chapter 13, Problem 1AEExplanation:- For Contribution Format income statement Sales 300000 Less Salaries 70000 Less...On the basis of net present value, it will be decided whether to purchase the automated welding...The Statement showing the computation of net present value of project is computed as under:...In the given scenario, the proposal to purchase the third business jet costing $11 Million shows a...Particulars Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Sales (Units) 9,000.00 15,000.00 18,000.00...Cash flow statement is a report that shows the net cash inflows and outflows due to the company’s...Operating Cash Flow is the cash flow where the cash is given or received in the course of routine...The operating cash flow and the total cash flows are calculated as below- Particulars Amount ($)...The operating cash flows and total cash flows are shown as under − Particulars Amount ($) CASH FLOW...The cash flow statement of the company is prepared as under − Particulars$Net Income250000(-) Gain...Solution: The points of difference between the two analysis methods are as follows:...Chapter 15, Problem 15P1. a. Computation of Working Capital This Year Last Year Current Assets $1,520,000 $1,090,000 Less:...The above answers can be explained as under − Gross margin percentage − For this year − Given Sales...The missing amounts for balance sheet and income statement are calculated as follows: Pepper...Cost-plus pricing is the simple cost-based pricing method to determine the prices of goods or...The postal service of St. Vincent makes more money selling the souvenir sheets for $7.00 each....The information needed to measure the absolute profitability is as under: The current profit earning...

More Editions of This Book

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