管理会计英文版答案.docVIP

PAGE PAGE 2 CHAPTER 1Managerial Accounting, the Business Organization, and Professional Ethics 1-A1 Solution: Information is often useful for more than one function, so the following classifications for each activity are not definitive but serve as a starting point for discussion: 1. Scorekeeping. A depreciation schedule is used in preparing financial statements to report the results of activities. 2. Problem solving. Helps a manager assess the impact of a purchase decision. 3. Scorekeeping. Reports on the results of an operation. Could also be attention directing if scrap is an area that might require management attention. 4. Attention directing. Focuses attention on areas that need attention. 5. Attention directing. Helps managers learn about the information contained in a performance report. 6. Scorekeeping. The statement reports what has happened. Could also be attention directing if the report highlights a problem or issue. 7. Problem solving. Assuming the cost comparison is to help the manager decide between two alternatives, this is problem solving. 8. Attention directing. Variances point out areas where results differ from expectations. Interpreting them directs attention to possible causes of the differences. 9. Problem solving. Aids a decision about where to make parts. 10. Attention directing and problem solving. Budgeting involves making decisions about planned activities -- hence, aiding problem solving. Budgets also direct attention to areas of opportunity or concern --hence, directing attention. Reporting against the budget also has a scorekeeping dimension. 1-A2 Solution: 1. Budgeted Actual Deviations Amounts Amounts or Variances Room rental $ 140 $ 140 $ 0 Food 700 865 165U Entertainment 600 600 0 Decorations 220 260 40U Total $1,660 $1,865 $205U 2. Because of the management by exception rule, room rental and entertainment require no explanation. The actual expenditure for food exceeded the budget b