Managerial Accounting: An Introduction to Concepts ... Accounting, Eleventh Edition ... Part 1...

download Managerial Accounting: An Introduction to Concepts ...  Accounting, Eleventh Edition ... Part 1 Overview and Basic Concepts 1 ... Managerial Application: ...

of 160

  • date post

    06-Feb-2018
  • Category

    Documents

  • view

    227
  • download

    2

Embed Size (px)

Transcript of Managerial Accounting: An Introduction to Concepts ... Accounting, Eleventh Edition ... Part 1...

  • Licensed to:

  • Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • Australia Brazil Japan Korea Mexico Singapore Spain United Kingdom United States

    Michael W. MaherUniversity of California Davis

    Clyde P. StickneyDartmouth College

    Roman L. WeilUniversity of Chicago

    Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • This is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. The publisher reserves the right to remove content from this title at any time if subsequent rights restrictions require it. For valuable information on pricing, previous editions, changes to current editions, and alternate formats, please visit www.cengage.com/highered to search by ISBN#, author, title, or keyword for materials in your areas of interest.

    Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • Managerial Accounting, Eleventh Edition

    Michael W. MaherClyde P. StickneyRoman L. Weil

    Vice President of Editorial, Business: Jack W. Calhoun

    Editor-in-Chief: Rob Dewey

    Senior Acquisitions Editor: Matt Filimonov

    Senior Developmental Editor: Craig Avery

    Editorial Assistant: Ann Mazzaro

    Marketing Manager: Natalie Livingston

    Senior Marketing Communications Manager: Libby Shipp

    Content Project Manager: Emily Nesheim

    Director, Education Production: Barbara Fuller Jacobsen

    Media Editor: Jessica Robbe

    Frontlist Buyer, Manufacturing: Doug Wilke

    Production Service: KnowledgeWorks Global Ltd

    Senior Art Director: Stacy Shirley

    Internal and Cover Designer: Kim Torbeck

    Cover Image: Getty Images/Stone/ ColorBlind Images

    Rights Specialist: John Hill

    Director, Rights Acquisition: Audrey Pettengill

    2012, 2008 South-Western, Cengage Learning

    ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored, or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher.

    For product information and technology assistance, contact us atCengage Learning Customer & Sales Support, 1-800-354-9706

    For permission to use material from this text or product,submit all requests online at www.cengage.com/permissions

    Further permissions questions can be emailed topermissionrequest@cengage.com

    ExamView is a registered trademark of eInstruction Corp. Windows is a registered trademark of the Microsoft Corporation used herein under license. Macintosh and Power Macintosh are registered trademarks of Apple Computer, Inc. used herein under license. 2012 Cengage Learning. All Rights Reserved.

    Library of Congress Control Number: 2011920468ISBN-13: 978-1-111-57126-9ISBN-10: 1-111-57126-0

    South-Western 5191 Natorp BoulevardMason, OH 45040USA

    Cengage Learning products are represented in Canada by Nelson Education, Ltd.

    For your course and learning solutions, visit www.cengage.comPurchase any of our products at your local college store or at ourpreferred online store www.cengagebrain.com

    Printed in the United States of America1 2 3 4 5 6 7 15 14 13 12 11

    Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • P R E F A C E

    ForKathleen, Krista, andrea, andrew, and Emily

    Forallie, baillie, Charlie, Conrad, Emeka, Greta, Isabella, and Lily

    ForKathy

    WITH Thanks

    Whatever be the detail with which you cram your students, the chance of their meeting in after-life exactly that detail is infi nitesimal; and if they do meet it, they will probably have forgotten what you taught them about it. The really useful training yields a comprehension of a few general principles with a thorough grounding in the way they apply to a variety of concrete details. In subsequent practice the students will have forgotten your particular details; but they will remember by an unconscious common sense how to apply principles to immediate circumstances.

    Alfred North WhiteheadThe Aims of Education and Other Essays

    WITH Thanks

    F O R O U R S T U D E N T S

    Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • vii

    P R E F A C EB R I E F C O N T E N T S

    Preface xv

    Part 1 Overview and Basic Concepts 1

    Chapter 1 Fundamental Concepts 2

    Chapter 2 Measuring Product Costs 32

    Chapter 3 Activity-Based Management 75

    Part 2 Managerial Decision Making 111

    Chapter 4 Strategic Management of Costs, Quality, and Time 112

    Chapter 5 Cost Drivers and Cost Behavior 138

    Chapter 6 Financial Modeling for Short-Term Decision Making 181

    Chapter 7 Differential Cost Analysis for Operating Decisions 217

    Chapter 8 Capital Expenditure Decisions 270

    Part 3 Motivating Managers to Make Good Decisions 299

    Chapter 9 Profi t Planning and Budgeting 300

    Chapter 10 Profi t and Cost Center Performance Evaluation 345

    Chapter 11 Investment Center Performance Evaluation 388

    Chapter 12 Incentive Issues 423

    Chapter 13 Allocating Costs to Responsibility Centers 453

    Appendix Compound Interest Examples and Applications 483

    Compound Interest and Annuity Tables 499

    Glossary 503

    Index 609

    Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

    Licensed to:

  • Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s).

    Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restriction