Managerial accounting 16th editiongarrison pdf free download

P-7 Pick any large company and describe its strategy using one of the three Chapter 2: Applying Excel The completed worksheet is shown below. Is solution manual for 14th edition available?? Discover everything Scribd has to offer, including books and audiobooks from major publishers. As the long-time 1 best-seller Garrison has helped guide close to 3 million students through managerial accounting since it was first published.

Textbook Solutions Manual Chapter Managerial Accounting by Garrison, 14th edition. Our solutions are written by Chegg experts so you can be assured of the highest quality! I was assigned a book through Cengage for my Garrison starts with the small pieces and then fits them all together so that they make a coherent Buy on Amazon.

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Weygandt, Warfield SM 16e. Results 1 - 16 of 56 — Solutions manual Introduction to managerial accounting, 5th edition by peter c. This is because the predetermined over- head rate in that department is based on machine-hours and any change in the total machine-hours would affect the magnitude of the predetermined overhead rate in that department.

In effect, the same total fixed manufactur- ing overhead cost is spread across fewer total direct labor-hours. The cost of goods sold is the sum of the manufacturing costs assigned to Jobs P and Q: Total manufacturing cost assigned to Job P The applied overhead from Fabrication is computed as follows: Job P Machine-hours worked on job a The unit product cost for Job P is computed as follows: Direct materials Manufacturing overhead applied: Molding Department The unit product cost for Job Q is computed as follows: Direct materials The selling prices are calculated as follows: Total manufacturing cost Actual direct labor-hours a Total direct labor-hours required for Job A Direct labor cost a Unit product cost for Job A Total manufacturing cost a The total direct labor-hours required in Finishing for Job Finishing Direct labor cost a Total manufacturing cost assigned to Xavier: Direct materials Step 1: The total direct labor-hours required for Job Omega: Direct labor cost a The job cost sheet for Job Alpha is derived as follows: note that direct materials is the plug figure Direct materials plug figure Direct material Total manufacturing cost assigned to Job P Direct materials Based on the information provided, it appears that Job P90 does gen- erate a positive contribution margin as shown below: Sales Direct materials Exercise continued 3b.

In other words, the overhead applied in requirement 2 includes a charge for used and unused capac- ity. This reality provides instructors an opportunity to introduce stu- dents to the main idea underlying Appendix 2B. Yes, overhead should be applied to Job W at year-end. Job W direct labor cost a Note to the instructor: This exercise can be used as a launching pad for a discussion of Appendix 2B.

The estimated total fixed manufacturing overhead can be computed us- ing the data from any of quarters The fixed portion of the manufacturing overhead cost is causing the unit product costs to fluctuate.

The unit product cost increases as the level of production decreases because the fixed overhead is spread over fewer units. The unit product cost can be stabilized by using a predetermined over- head rate that is based on expected activity for the entire year.

The cost formula created in requirement 1 can be adapted to compute the annual predetermined overhead rate. Total manufacturing cost assigned to Job Direct materials The unit product cost of Job is computed as follows: Total manufacturing cost a The selling price per unit is computed as follows: Total manufacturing cost Yes; if some jobs require a large amount of machine time and a small amount of labor time, they would be charged substantially less overhead cost if a plantwide overhead rate based on direct labor hours were used.

It appears, for example, that this would be true of Job which re- quired considerable machine time to complete, but required a relatively small amount of labor hours. Exercise 45 minutes 1a. Total manufacturing cost assigned to Jobs D and C Direct materials The plantwide and departmental approaches for applying manufacturing overhead costs to products produce identical cost of goods sold figures.

However, these two approaches lead to different bid prices for Jobs D- 70 and C This is because the departmental cost pools reflect the fact that Job D is an intensive user of Molding machine-hours. Whether a job-order costing system relies on plantwide overhead cost allo- cation or departmental overhead cost allocation does not usually have an important impact on the accuracy of the cost of goods sold reported for the company as a whole.

However, it can have a huge impact on internal deci- sions with respect to individual jobs, such as establishing bid prices for those jobs. Job-order costing systems that rely on plantwide overhead cost allocation are commonly used to value ending inventories and cost of goods sold for external reporting purposes, but they can create costing in- accuracies for individual jobs that adversely influence internal decision making.

The selling price for Job is computed as follows: Job Total manufacturing cost Problem continued 2a. If machine-hours is the better choice for an allocation base, then if Landen continues to use direct labor-hours as its overhead allocation base, it will overprice jobs that are intensive us- ers of direct labor-hours and non-intensive users of machine-hours.

In a bidding situation, Landen will tend to lose bids on jobs such as Job if its competitors have more accurate cost accounting systems. The predetermined plantwide overhead rate is computed as follows: Estimated manufacturing overhead a The predetermined overhead rate in Assembly is computed as follows: Estimated manufacturing overhead a Problem 15 minutes 1.

Total manufacturing cost assigned to Mr. Wilkes: Direct materials The price charged to Mr. Wilkes is computed as follows: Job Total manufacturing cost Total cost of Job Molding Dept. Painting Dept. Total Direct materials The total cost assigned to Patient A: Direct materials Relying on just one predetermined overhead rates overlooks the fact that some departments are more intensive users of overhead resources than others. As the name implies, patients in the ICU require more in- tensive and expensive care than other patients in other departments.

Broadly, speaking, relying on only one overhead rate, will most likely overcost patients with less severe illnesses and undercost patients with more severe illnesses. Problem 30 minutes 1. The plantwide predetermined overhead rate is computed as follows: Estimated manufacturing overhead a The predetermined overhead rate in Machining is computed as follows: Estimated manufacturing overhead a Problem continued The overhead applied to Job B is computed as follows: Machining Assembly Total Quantity of allocation base used a.

The plantwide approach will overcost jobs that are intensive users of As- sembly and minimal users of Machining. Conversely, it will undercost products that are intensive users of Machining and minimal users of As- sembly. Jobs that get overcosted will have selling prices that are greater than the prices that would be established using departmental overhead allocation. Jobs that get undercosted will have selling prices that are less than the prices that would be established using depart- mental overhead allocation.

Case 60 minutes 1. The bulk of the labor cost on the Koopers job is in the Assembly Depart- ment, which incurs very little overhead cost. Therefore, as shown above, use of departmental overhead rates results in a relatively small amount of overhead cost being charged to the job.

Case continued cost and results in a large amount of overhead cost being charged to the Koopers job, as shown in Part 1. This may explain why the company bid too high and lost the job. Too much overhead cost was assigned to the job for the kind of work being done on the job in the plant. On jobs that require a large amount of labor in the Fabricating or Ma- chining Departments the opposite will be true, and the company will tend to charge too little overhead cost to the jobs if a plantwide over- head rate is being used.

Exercise 2A-1 continued 2. Overhead: 6. Exercise 2A-2 45 minutes 1. The unit product costs under the company's traditional costing system would be computed as follows: Rascon Parcel Total Number of units produced a Manufacturing overhead applied: 6. Exercise 2A-2 continued 2. Exercise 2A-2 continued The unit product costs combine direct materials, direct labor, and over- head costs: Rascon Parcel Direct materials The unit product cost of the high-volume product, Parcel, declines under the activity-based approach, whereas the unit product cost of the low- volume product, Rascon, increases.

This occurs because half of the overhead is applied on the basis of engineering design hours instead of direct labor-hours. When the overhead was applied on the basis of di- rect labor-hours, most of the overhead was applied to the high-volume product.