Weygandt's Managerial Accounting provides students with a clear introduction to fundamental managerial accounting concepts. This edition helps students get the most out of their accounting course by making practice simple. Designed for a one-semester, undergraduate Managerial Accounting course, the authors provide new opportunities for self-guided practice allowing students to check their knowledge of accounting concepts, skills, and problem solving techniques and receive personalized feedback at the question, learning objective, and course level.

Newly streamlined learning objectives help students use their study time efficiently by creating clear connections between the reading and video content, and the practice, homework, and assessment questions.

Using metric units and companies with a more global feel, this new text is ideal for courses across the world.

Inhalt

1 Managerial Accounting 1-1 Just Add Water and Paddle: Current Designs 1-1 Managerial Accounting Basics 1-2 Comparing Managerial and Financial Accounting 1-3 Management Functions 1-4 Organizational Structure 1-5 Managerial Cost Concepts 1-7 Manufacturing Costs 1-7 Product Versus Period Costs 1-8 Illustration of Cost Concepts 1-9 Manufacturer Financial Statements 1-11 Income Statement 1-11 Cost of Goods Manufactured 1-12 Cost of Goods Manufactured Schedule 1-12 Statement of Financial Position 1-13 Managerial Accounting Trends 1-15 Service Industries 1-15 Focus on the Value Chain 1-16 Balanced Scorecard 1-17 Business Ethics 1-17 Company Social Responsibility 1-18 2 Job Order Costing 2-1 Profiting from the Silver Screen: Disney 2-1 Cost Accounting Systems 2-2 Process Cost System 2-3 Job Order Cost System 2-3 Job Order Cost Flow 2-4 Accumulating Manufacturing Costs 2-5 Job Cost Sheets and Manufacturing Costs 2-7 Raw Materials Costs 2-7 Factory Labor Costs 2-9 Predetermined Overhead Rates 2-12 Completed and Sold Manufacturing and Service Jobs 2-14 Assigning Costs to Finished Goods 2-14 Assigning Costs to Cost of Goods Sold 2-15 Summary of Job Order Cost Flows 2-16 Job Order Costing for Service Companies 2-17 Advantages and Disadvantages of Job Order Costing 2-18 Applied Manufacturing Overhead 2-19 Under- or Over applied Manufacturing Overhead 2-20 3 Process Costing 3-1 Famed Soft Drink in the Outback: Back o' Bourke Cordials 3-1 Overview of Process Cost Systems 3-2 Uses of Process Cost Systems 3-2 Process Costing for Service Companies 3-3 Similarities and Differences Between Job Order Cost and Process Cost Systems 3-4 Recording Costs 3-5 Process Cost Flow 3-5 Assigning Manufacturing Costs--Journal Entries 3-6 Equivalent Units 3-9 Weighted-Average Method 3-9 Refinements on the Weighted-Average Method 3-10 The Production Cost Report 3-12 Compute the Physical Unit Flow (Step 1) 3-13 Compute the Equivalent Units of Production (Step 2) 3-13 Compute Unit Production Costs (Step 3) 3-14 Prepare a Cost Reconciliation Schedule (Step 4) 3-14 Preparing the Production Cost Report 3-15 Costing Systems--Final Comments 3-15 Appendix 3A: FIFO Method for Computing Equivalent Units 3-19 Equivalent Units Under FIFO 3-19 Comprehensive Example 3-20 FIFO and Weighted-Average 3-25 4 Activity-Based Costing 4-1 Wellness for Customers and the Company: Technogym SpA 4-1 Traditional vs. Activity-Based Costing 4-3 Traditional Costing Systems 4-3 Illustration of a Traditional Costing System 4-3 The Need for a New Approach 4-4 Activity-Based Costing 4-4 ABC and Manufacturers 4-7 Identify and Classify Activities and Assign Overhead to Cost Pools (Step 1) 4-7 Identify Cost Drivers (Step 2) 4-8 Compute Activity-Based Overhead Rates (Step 3) 4-8 Allocate Overhead Costs to Products (Step 4) 4-8 Comparing Unit Costs 4-9 ABC Benefits and Limitations 4-12 The Advantage of Multiple Cost Pools 4-12 The Advantage of Enhanced Cost Control 4-14 The Advantage of Better Management Decisions 4-15 Some Limitations and Knowing When to Use ABC 4-16 ABC and Service Industries 4-17 Traditional Costing Example 4-17 Activity-Based Costing Example 4-18 Appendix 4A: Just-in-Time Processing 4-21 Objective of JIT Processing 4-22 Elements of JIT Processing 4-22 Benefits of JIT Processing 4-23 5 Cost-Volume-Profit 5-1 Don't Worry--Just Get Big: Amazon.com 5-1 Cost Behavior Analysis 5-2 Variable Costs 5-3 Fixed Costs 5-4 Relevant Range 5-5 Mixed Costs 5-5 Mixed Costs Analysis 5-7 High-Low Method 5-7 Importance of Identifying Variable and Fixed Costs 5-9 CVP Analysis 5-10 Basic Components 5-10 CVP Income Statement 5-11 Break-Even Analysis 5-14 Mathematical Equation 5-14 Contribution Margin Technique 5-15 Graphic Presentation 5-16 Target Net Income and Margin of Safety 5-18 Target Net Income 5-18 Margin of Safety 5-19 6 Cost-Volume-Profit Analysis: Additional Issues 6-1 The Secret to Supermarket Profitability: Aldi 6-1 Basic CVP Concepts 6-2 Basic Concepts 6-2 Basic Computations 6-3 CVP and Changes in the Business Environment 6-5 Sales Mix and Break-Even Sales 6-7 Break-Even Sales in Units 6-8 Break-Even Sales for a Large Number of Products 6-9 Sales Mix with Limited Resources 6-11 Operating Leverage and Profitability 6-14 Effect on Contribution Margin Ratio 6-15 Effect on Break-Even Point 6-15 Effect on Margin of Safety Ratio 6-15 Operating Leverage 6-16 Appendix 6A: Absorption Costing Versus Variable Costing 6-18 Example Comparing Absorption Costing with Variable Costing 6-19 Net Income Effects 6-21 Decision-Making Concerns 6-24 Potential Advantages of Variable Costing 6-26 7 Incremental Analysis 7-1 The Internet of Clothing: Evrythng 7-1 Decision-Making and Incremental Analysis 7-3 Incremental Analysis Approach 7-3 How Incremental Analysis Works 7-4 Qualitative Factors 7-5 Relationship of Incremental Analysis and Activity-Based Costing 7-5 Types of Incremental Analysis 7-6 Special Orders 7-6 Make or Buy 7-8 Opportunity Cost 7-9 Sell or Process Further 7-10 Single-Product Case 7-11 Multiple-Product Case 7-11 Repair, Retain, or Replace Equipment 7-14 Eliminate Unprofitable Segment or Product 7-15 8 Pricing 8-1 They've Got Your Size--and Color: Zappos.com 8-1 Target Costing 8-2 Target Costing 8-4 Cost-Plus Pricing 8-5 Calculating Cost-Plus Pricing 8-5 Limitations of Cost-Plus Pricing 8-7 Variable-Cost Pricing 8-8 Time-and-Material Pricing 8-9 Transfer Pricing 8-12 Negotiated Transfer Prices 8-13 Cost-Based Transfer Prices 8-15 Market-Based Transfer Prices 8-17 Effect of Outsourcing on Transfer Pricing 8-17 Transfers Between Divisions in Different Countries 8-17 Appendix 8A: Absorption-Cost and Variable-Cost Pricing 8-19 Absorption-Cost Pricing 8-20 Variable-Cost Pricing 8-21 Appendix 8B: Transferring Goods Between Divisions in Different Countries 8-23 9 Budgetary Planning 9-1 What's in Your Cupcake?: BabyCakes NYC 9-1 Effective Budgeting and the Master Budget 9-2 Budgeting and Accounting 9-3 The Benefits of Budgeting 9-3 Essentials of Effective Budgeting 9-3 The Master Budget 9-6 Sales, Production, and Direct Materials Budgets 9-7 Sales Budget 9-7 Production Budget 9-8 Direct Materials Budget 9-9 Direct Labor, Manufacturing Overhead, and S&A Expense Budgets 9-12 Direct Labor Budget 9-12 Manufacturing Overhead Budget 9-13 Selling and Administrative Expense Budget 9-14 Budgeted Income Statement 9-14 Cash Budget and Budgeted Statement of Financial Position 9-16 Cash Budget 9-16 Budgeted Statement of Financial Position 9-19 Budgeting in Non-Manufacturing Companies 9-21 Merchandisers 9-21 Service Companies 9-22 Not-for-Profit Organizations 9-23 10 Budgetary Control and Responsibility Accounting 10-1 Strategies to Help You Relax: Viceroy Hotel Group 10-1 Budgetary Control and Static Budget Reports 10-2 Budgetary Control 10-2 Static Budget Reports 10-3 Flexible Budget Reports 10-6 Why Flexible Budgets? 10-6 Developing the Flexible Budget 10-8 Flexible Budget--A Case Study 10-9 Flexible Budget Reports 10-10 Responsibility Accounting and Responsibility Centers 10-13 Controllable versus Non-Controllable Revenues and Costs 10-14 Princ…