Sm Ch 16

CHAPTER 16
MANAGEMENT ACCOUNTING: A BUSINESS PARTNER
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 16.1
B. Ex. 16.2
B. Ex. 16.3
B. Ex. 16.4
B. Ex. 16.5
B. Ex. 16.6
B. Ex. 16.7
B. Ex. 16.8
B. Ex. 16.9

Topic
Product vs. period costs
Direct material used
Cost of goods sold
Materials inventory
Direct labor journal entries
Manufacturing overhead assigned
Inventory balances
Work in process balances
Prime vs. conversion costs

B. Ex. 16.10

Partial balance sheet

Exercises
16.1
16.2
16.3
16.4
16.5
16.6

Topic
Accounting terminology
Basic types of manufacturing costs
Product and period costs
Flow of costs through manufacturing accounts Schedule of cost of finished goods manufactured Flow of costs through manufacturing accounts 16.7

Manipulating accounting figures

16.8
16.9

16.11

Design of management accounting systems
Preparing an income statement using the cost of finished goods manufactured
Preparing an income statement using the cost of finished goods manufactured
Real World: General Electric Company

16.12

Management accounting system design
Costs at Hobart Industries

16.10

16.13

Real World: Classifying costs at misc. companies Learning
Objectives
16-3
16-4
16-3, 16-4
16-4
16-2, 16-4
16-4, 16-5
16-4
16-4
16-3, 16-4,
16-5
16-3

Skills
Analysis, communication
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis

Learning
Objectives
16-1–16-5
16-2
16-3, 16-5
16-4

Analysis
Analysis
Analysis
Analysis

16-6

Analysis

16-3, 16-4,
16-5

Analysis

16-1

Skills

Analysis, communication, judgment 16-1
16-4, 16-6

Analysis, judgment
Analysis

16-4, 16-6

Analysis

16-1

Analysis, judgment

16-3, 16-4, Analysis
16-6
16-2, 16-3, Analysis
16-5

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Exercises
16.14
16.15

Problems
Sets A, B
16.1 A,B
16.2 A,B
16.3 A,B
16.4 A,B
16.5 A,B
16.6